5979 County Road 68SpencervilleIN46788
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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
Investment property for sale in Spencerville at 5979 County Road 68, Spencerville, IN, 46788 uses $36,432 cash to close to unlock $2,642/yr annual cash flow and $220/mo monthly cash flow. Total monthly income runs $880/mo, and a $538/mo payment keeps the spread at $220/mo. Purchase price stands at $109,900, and rental yield measures 9.61% with $880/mo rent. Return on cash invested shows 27.16% in year one, and 5% annual appreciation builds toward $30,363 over five years. Five-year ROI reaches 141.65% and total cumulative return in cash records $51,604. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $880/mo property income covering a $538/mo payment rather than investor’s personal income.
Single Family
Built in 1957
7,405 sqft 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
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Listed by: Austin Freiburger • eXp Realty, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202508909
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.