6110 N County Road 575 WGastonIN47342
Nearby investment properties with comparable rents
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 Gaston at 6110 N County Road 575 W, Gaston, IN, 47342 generates $911/mo in rent and, after a $563/mo payment, leaves $221/mo in cash flow. Total monthly income is $911/mo, and annual cash flow is $2,646/yr on $38,123 invested. Return on cash invested sits at 26.85% in year one, and rental yield is 9.51% on a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 139.88% and total cumulative return in cash sums $53,325. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $911/mo property income rather than buyer’s personal income.
Single Family
Built in 1963
1.93 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Marissa Earls • RE/MAX Real Estate Groups
Mls Name: IRMLS
Mls Provider:
Mls ID: #202510147
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.