592 W Gerking DrNinevehIN46164
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Nineveh at 592 W Gerking Dr, Nineveh, IN, 46164 priced at $318,300 converts $1,769/mo rent into after a $1,558/mo obligation. Total monthly income equals $1,769/mo. Return on cash invested prints 18.3% in year one, and rental yield reads 6.67% against a $318,300 entry. Equity gained on principal adds $2,054/yr, while 5% annual appreciation compiles into $87,940 by year five. Five-year ROI reaches 93.98% and total cumulative return in cash sums $99,165. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,769/mo property income covering a $1,558/mo payment, not borrower’s personal income.
Single Family
Built in 1994
1.74 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46164, Nineveh, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,691 (100%) |
| Owner Occupied HU | 1,648 (61.2%) |
| Renter Occupied HU | 150 ( 5.6%) |
| Vacant Housing Units | 893 (33.2%) |
| Median Home Value | $327,011 |
| Average Home Value | $368,879 |
Housing Distribution
Address Breakdown
Residential
2,297
Single Family
2,297
Multi-Family
0
Businesses
68
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