5940 County Road 64SpencervilleIN46788
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment property for sale in Spencerville at 5940 County Road 64, Spencerville, IN, 46788 earns $315/mo cash flow from $2,566/mo rent with a $1,835/mo payment. Total monthly income totals $2,566/mo, and annual cash flow totals $3,784/yr on $124,313 capital. ROI tracks 22.95% on current figures, and rental yield reads 8.21% at a $375,000 purchase. Equity gained on principal adds $2,420/yr, and 5% annual appreciation supports $103,606 over five years. Five-year ROI reaches 118.95% and total cumulative return in cash sums $147,867. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,566/mo property income instead of your personal income.
Single Family
Built in 1995
1.77 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46788, Spencerville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,295 (100%) |
| Owner Occupied HU | 1,160 (89.6%) |
| Renter Occupied HU | 88 ( 6.8%) |
| Vacant Housing Units | 47 ( 3.6%) |
| Median Home Value | $357,944 |
| Average Home Value | $397,050 |
Housing Distribution
Address Breakdown
Residential
1,107
Single Family
1,107
Multi-Family
0
Businesses
32
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mary Anne Taylor • North Eastern Group Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202435630
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.