609 E 1st StHuntingburgIN47542
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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 Huntingburg at 609 E 1st St, Huntingburg, IN, 47542 uses $49,029 cash to close to unlock $2,905/yr annual cash flow and $242/mo monthly cash flow. Total monthly income runs $1,130/mo, and a $724/mo payment keeps the spread at $242/mo. Purchase price stands at $147,900, and rental yield measures 9.17% with $1,130/mo rent. Return on cash invested shows 25.83% in year one, and 5% annual appreciation builds toward $40,862 over five years. Five-year ROI reaches 134.48% and total cumulative return in cash records $65,935. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,130/mo property income covering a $724/mo payment rather than investor’s personal income.
Single Family
Built in 1969
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47542, Huntingburg, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,220 (100%) |
| Owner Occupied HU | 2,943 (69.7%) |
| Renter Occupied HU | 1,039 (24.6%) |
| Vacant Housing Units | 238 ( 5.6%) |
| Median Home Value | $219,462 |
| Average Home Value | $269,048 |
Housing Distribution
Address Breakdown
Residential
4,197
Single Family
4,112
Multi-Family
85
Businesses
318
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Listed by: Cynthia Bowman • ERA FIRST ADVANTAGE REALTY, INC
Mls Name: IRMLS
Mls ID: #202526691