6023 E State Road 110TippecanoeIN46570
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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 Tippecanoe at 6023 E State Road 110, Tippecanoe, IN, 46570 uses $51,383 cash to close to unlock $5,655/yr annual cash flow and $471/mo monthly cash flow. Total monthly income runs $1,402/mo, and a $759/mo payment keeps the spread at $471/mo. Purchase price stands at $155,000, and rental yield measures 10.85% with $1,402/mo rent. Return on cash invested shows 30.91% in year one, and 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 161.69% and total cumulative return in cash records $83,080. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,402/mo property income covering a $759/mo payment rather than investor’s personal income.
Single Family
Built in 1980
0.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46570, Tippecanoe, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 425 (100%) |
| Owner Occupied HU | 334 (78.6%) |
| Renter Occupied HU | 56 (13.2%) |
| Vacant Housing Units | 35 ( 8.2%) |
| Median Home Value | $244,318 |
| Average Home Value | $233,353 |
Housing Distribution
Address Breakdown
Residential
428
Single Family
428
Multi-Family
0
Businesses
13
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Listed by: Billie Sexton • Keller Williams Thrive South
Mls Name: IRMLS
Mls Provider:
Mls ID: #202512615
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.