5975 Henderson Creek RdNormanIN47264
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 Norman at 5975 Henderson Creek Rd, Norman, IN, 47264 listed at $109,100 pairs $1,607/mo rent with a $534/mo payment to leave $952/mo cash flow. Total monthly income runs $1,607/mo, and annual cash flow reaches $11,425/yr on $36,167 cash to close. Return on cash invested measures 51.5% in year one, and rental yield registers 17.68% at a $109,100 basis. Equity gained on principal adds $704/yr, and annual property appreciation at 5% supports $30,142 by year five. Five-year ROI tracks 272.12% and total cumulative return in cash totals $98,417. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,607/mo property income relative to a $534/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1974
97.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47264, Norman, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 670 (100%) |
| Owner Occupied HU | 528 (78.8%) |
| Renter Occupied HU | 73 (10.9%) |
| Vacant Housing Units | 69 (10.3%) |
| Median Home Value | $242,073 |
| Average Home Value | $265,459 |
Housing Distribution
Address Breakdown
Residential
593
Single Family
593
Multi-Family
0
Businesses
21
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices