601 Mary DrWestvilleIN46391
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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 Westville at 601 Mary Dr, Westville, IN, 46391 uses $107,738 cash to close to unlock $4,641/yr annual cash flow and $387/mo monthly cash flow. Total monthly income runs $2,338/mo, and a $1,591/mo payment keeps the spread at $387/mo. Purchase price stands at $325,000, and rental yield measures 8.63% with $2,338/mo rent. Return on cash invested shows 24.22% in year one, and 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 125.71% and total cumulative return in cash records $135,433. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,338/mo property income covering a $1,591/mo payment rather than investor’s personal income.
Single Family
Built in 2006
10,001 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46391, Westville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,666 (100%) |
| Owner Occupied HU | 2,138 (80.2%) |
| Renter Occupied HU | 320 (12.0%) |
| Vacant Housing Units | 208 ( 7.8%) |
| Median Home Value | $282,919 |
| Average Home Value | $313,773 |
Housing Distribution
Address Breakdown
Residential
2,427
Single Family
2,197
Multi-Family
230
Businesses
109
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