604 Stanley DrWestvilleIN46391
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Nearby investment properties with comparable prices
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 Westville at 604 Stanley Dr, Westville, IN, 46391 priced at $339,000 converts $2,603/mo rent into $568/mo cash flow after a $1,659/mo obligation. Total monthly income equals $2,603/mo, and annual cash flow totals $6,819/yr on $112,379 invested. Return on cash invested prints 25.98% in year one, and rental yield reads 9.21% against a $339,000 entry. Equity gained on principal adds $2,188/yr, while 5% annual appreciation compiles into $93,659 by year five. Five-year ROI reaches 135.16% and total cumulative return in cash sums $151,888. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,603/mo property income covering a $1,659/mo payment, not borrower’s personal income.
Single Family
Built in 2007
0.40 Acres 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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