606 W Elm StGastonIN47342
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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 Gaston at 606 W Elm St, Gaston, IN, 47342 uses $49,725 cash to close to unlock $2,793/yr annual cash flow and $233/mo monthly cash flow. Total monthly income runs $1,133/mo, and a $734/mo payment keeps the spread at $233/mo. Purchase price stands at $150,000, and rental yield measures 9.06% with $1,133/mo rent. Return on cash invested shows 25.53% in year one, and 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 132.74% and total cumulative return in cash records $66,006. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,133/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1900
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47342, Gaston, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,186 (100%) |
| Owner Occupied HU | 917 (77.3%) |
| Renter Occupied HU | 165 (13.9%) |
| Vacant Housing Units | 104 ( 8.8%) |
| Median Home Value | $167,609 |
| Average Home Value | $197,410 |
Housing Distribution
Address Breakdown
Residential
774
Single Family
774
Multi-Family
0
Businesses
41
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