6009 May StreetFloyds KnobsIN47119
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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 Floyds Knobs at 6009 May Street, Floyds Knobs, IN, 47119 offers a 10.68% rental yield on a $239,900 purchase with $2,136/mo rent. Total monthly income registers $2,136/mo, and a $1,174/mo payment leaves $696/mo available for distribution. Annual cash flow reaches $8,353/yr on $79,527 to close, and return on cash invested stands at 30.41% in year one. Equity gained on principal adds $1,548/yr while 5% annual appreciation supports $66,280 over five years. Portfolio math shows five-year ROI at 158.97% and total cumulative return in cash at $126,427. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,136/mo property income against a $1,174/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1961
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47119, Floyds Knobs, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,705 (100%) |
| Owner Occupied HU | 4,175 (88.7%) |
| Renter Occupied HU | 368 ( 7.8%) |
| Vacant Housing Units | 162 ( 3.4%) |
| Median Home Value | $402,736 |
| Average Home Value | $442,299 |
Housing Distribution
Address Breakdown
Residential
4,687
Single Family
4,687
Multi-Family
0
Businesses
308
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Listed by: Amanda L Rawlins • Southern Realty
Mls Name: SIRA
Mls ID: #2025011997