60 W Clay StSpencerIN47460
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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 Spencer at 60 W Clay St, Spencer, IN, 47460 uses $48,068 cash to close to unlock $11,235/yr annual cash flow and $936/mo monthly cash flow. Total monthly income runs $1,807/mo, and a $710/mo payment keeps the spread at $936/mo. Purchase price stands at $145,000, and rental yield measures 14.95% with $1,807/mo rent. Return on cash invested shows 43.28% in year one, and 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 228.02% and total cumulative return in cash records $109,604. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,807/mo property income covering a $710/mo payment rather than investor’s personal income.
Manufactured
Built in 1994
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47460, Spencer, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,190 (100%) |
| Owner Occupied HU | 3,784 (72.9%) |
| Renter Occupied HU | 949 (18.3%) |
| Vacant Housing Units | 457 ( 8.8%) |
| Median Home Value | $187,057 |
| Average Home Value | $214,772 |
Housing Distribution
Address Breakdown
Residential
4,901
Single Family
4,899
Multi-Family
2
Businesses
417
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Listed by: Juan Carlos Carrasquel CCIM • The JuanSells.com Realty Co
Mls Name: IRMLS
Mls Provider:
Mls ID: #202422581
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.