601 S Main StFarmlandIN47340
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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
Rental property for sale in Farmland at 601 S Main St, Farmland, IN, 47340 priced at $199,900 pairs $1,678/mo rent with $478/mo cash flow after a $978/mo payment. Total monthly income equals $1,678/mo, and annual cash flow comes to $5,741/yr on $66,267 invested. Return on cash invested is 28.57% in year one, and rental yield stands at 10.07% on a $199,900 basis. Equity gained on principal adds $1,290/yr, and 5% annual appreciation accumulates to $55,229 by year five. Five-year ROI measures 149.11% and total cumulative return in cash reaches $98,809. For financing, Ziffy Mortgage’s DSCR program evaluates $1,678/mo property income against a $978/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1978
2.23 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47340, Farmland, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,244 (100%) |
| Owner Occupied HU | 912 (73.3%) |
| Renter Occupied HU | 228 (18.3%) |
| Vacant Housing Units | 104 ( 8.4%) |
| Median Home Value | $156,322 |
| Average Home Value | $188,931 |
Housing Distribution
Address Breakdown
Residential
931
Single Family
931
Multi-Family
0
Businesses
55
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