5960 State Road 54 WSpringvilleIN47462
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 Springville at 5960 State Road 54 W, Springville, IN, 47462 earns $275/mo cash flow from $1,625/mo rent with a $1,101/mo payment. Total monthly income totals $1,625/mo, and annual cash flow totals $3,297/yr on $74,554 capital. ROI tracks 24.33% on current figures, and rental yield reads 8.67% at a $224,900 purchase. Equity gained on principal adds $1,451/yr, and 5% annual appreciation supports $62,136 over five years. Five-year ROI reaches 126.34% and total cumulative return in cash sums $94,189. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,625/mo property income instead of your personal income.
Manufactured
Built in 2008
0.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47462, Springville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,250 (100%) |
| Owner Occupied HU | 1,864 (82.8%) |
| Renter Occupied HU | 230 (10.2%) |
| Vacant Housing Units | 156 ( 6.9%) |
| Median Home Value | $254,428 |
| Average Home Value | $300,248 |
Housing Distribution
Address Breakdown
Residential
2,018
Single Family
2,018
Multi-Family
0
Businesses
47
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Carrie L Holmes • Hawkins & Root Real Estate
Mls Name: IRMLS
Mls ID: #202532039