604 Short StDecaturIN46733
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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 Decatur at 604 Short St, Decatur, IN, 46733 uses $59,670 cash to close to unlock $3,522/yr annual cash flow and $294/mo monthly cash flow. Total monthly income runs $1,374/mo, and a $881/mo payment keeps the spread at $294/mo. Purchase price stands at $180,000, and rental yield measures 9.16% with $1,374/mo rent. Return on cash invested shows 25.81% in year one, and 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 134.29% and total cumulative return in cash records $80,129. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,374/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1910
8,712 sqft lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 46733, Decatur, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,091 (100%) |
| Owner Occupied HU | 5,906 (73.0%) |
| Renter Occupied HU | 1,700 (21.0%) |
| Vacant Housing Units | 485 ( 6.0%) |
| Median Home Value | $216,630 |
| Average Home Value | $273,796 |
Housing Distribution
Address Breakdown
Residential
7,603
Single Family
7,462
Multi-Family
141
Businesses
584
Price History
Date | Event | Price |
|---|---|---|
| 2023-11-08 | Listing removed | $159,900 |
| 2023-10-18 | Listed for sale | $159,900 |
| 2021-05-17 | Sold | $125,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-11 | $1021.84 | 14.40% | $115,100 | 6.87% |
| 2023-04-11 | $893.24 | 31.78% | $107,700 | 8.13% |
| 2022-04-11 | $677.82 | -58.97% | $99,600 | 11.53% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1910
- Architectural Style: N/A
- Building Area: 3,220
- Living Area: 1,880 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Natural Gas, Forced Air
- Cooling: Central Air
- Flooring: N/A
- Interior Features: N/A
- Exterior Features: Fire Pit
- Parking Features: N/A
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: City
- Water Source: City
- Road Surface Type: N/A
School Information
- Elementary School: Bellmont
- Middle School: Bellmont
- High School: Bellmont
Listed by: Ashley Davidson • CENTURY 21 Bradley Realty, Inc
Mls Name: IRMLS
Mls Provider:
Mls ID: #202512171
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.