5924 State Road 1Saint JoeIN46785
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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 Saint Joe at 5924 State Road 1, Saint Joe, IN, 46785 generates $2,281/mo in rent, after a $1,958/mo payment. Total monthly income is $2,281/mo. Return on cash invested sits at 18.82% in year one, and rental yield is 6.84% on a $400,000 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation builds toward $110,513 over five years. Five-year ROI reaches 96.75% and total cumulative return in cash sums $128,296. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,281/mo property income rather than buyer’s personal income.
Home Type Unknown
Built in 1900
13 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46785, Saint Joe, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 542 (100%) |
| Owner Occupied HU | 421 (77.7%) |
| Renter Occupied HU | 73 (13.5%) |
| Vacant Housing Units | 48 ( 8.9%) |
| Median Home Value | $240,116 |
| Average Home Value | $274,994 |
Housing Distribution
Address Breakdown
Residential
524
Single Family
524
Multi-Family
0
Businesses
26
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