602 Forsythia St SEDemotteIN46310
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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 Demotte at 602 Forsythia St SE, Demotte, IN, 46310 priced at $307,900 pairs $2,164/mo rent with $316/mo cash flow after a $1,507/mo payment. Total monthly income equals $2,164/mo, and annual cash flow comes to $3,789/yr on $102,069 invested. Return on cash invested is 23.62% in year one, and rental yield stands at 8.43% on a $307,900 basis. Equity gained on principal adds $1,987/yr, and 5% annual appreciation accumulates to $85,067 by year five. Five-year ROI measures 122.5% and total cumulative return in cash reaches $125,036. For financing, Ziffy Mortgage’s DSCR program evaluates $2,164/mo property income against a $1,507/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1973
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46310, Demotte, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,852 (100%) |
| Owner Occupied HU | 4,635 (79.2%) |
| Renter Occupied HU | 964 (16.5%) |
| Vacant Housing Units | 253 ( 4.3%) |
| Median Home Value | $225,548 |
| Average Home Value | $253,131 |
Housing Distribution
Address Breakdown
Residential
5,660
Single Family
5,326
Multi-Family
334
Businesses
345
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