608 Berryman PikeTiptonIN46072
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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 Tipton at 608 Berryman Pike, Tipton, IN, 46072 priced at $104,900 converts $828/mo rent into $199/mo cash flow after a $513/mo obligation. Total monthly income equals $828/mo, and annual cash flow totals $2,385/yr on $34,774 invested. Return on cash invested prints 26.77% in year one, and rental yield reads 9.47% against a $104,900 entry. Equity gained on principal adds $677/yr, while 5% annual appreciation compiles into $28,982 by year five. Five-year ROI reaches 139.4% and total cumulative return in cash sums $48,474. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $828/mo property income covering a $513/mo payment, not borrower’s personal income.
Single Family
Built in 1945
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46072, Tipton, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,128 (100%) |
| Owner Occupied HU | 3,001 (72.7%) |
| Renter Occupied HU | 817 (19.8%) |
| Vacant Housing Units | 310 ( 7.5%) |
| Median Home Value | $208,736 |
| Average Home Value | $239,538 |
Housing Distribution
Address Breakdown
Residential
4,051
Single Family
3,861
Multi-Family
190
Businesses
369
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