5930 S Wirick StStar CityIN46985
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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 Star City at 5930 S Wirick St, Star City, IN, 46985 generates $1,009/mo in rent and, after a $649/mo payment, leaves $213/mo in cash flow. Total monthly income is $1,009/mo, and annual cash flow is $2,558/yr on $43,924 invested. Return on cash invested sits at 25.73% in year one, and rental yield is 9.14% on a $132,500 entry. Equity gained on principal adds $855/yr, while 5% annual appreciation builds toward $36,607 over five years. Five-year ROI reaches 133.94% and total cumulative return in cash sums $58,832. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,009/mo property income rather than buyer’s personal income.
Single Family
Built in 1971
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46985, Star City, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 634 (100%) |
| Owner Occupied HU | 470 (74.1%) |
| Renter Occupied HU | 90 (14.2%) |
| Vacant Housing Units | 74 (11.7%) |
| Median Home Value | $150,000 |
| Average Home Value | $160,617 |
Housing Distribution
Address Breakdown
Residential
531
Single Family
531
Multi-Family
0
Businesses
18
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Listed by: Stephanie Helton • Rogers Auction & Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202509454
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.