6146 Scotch Pine RdCanneltonIN47520
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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 Cannelton at 6146 Scotch Pine Rd, Cannelton, IN, 47520 uses $56,189 cash to close to unlock $254/yr annual cash flow and $21/mo monthly cash flow. Total monthly income runs $1,039/mo, and a $830/mo payment keeps the spread at $21/mo. Purchase price stands at $169,500, and rental yield measures 7.36% with $1,039/mo rent. Return on cash invested shows 20.36% in year one, and 5% annual appreciation builds toward $46,830 over five years. Five-year ROI reaches 105.09% and total cumulative return in cash records $59,048. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,039/mo property income covering a $830/mo payment rather than investor’s personal income.
Manufactured
Built in 1997
4.17 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47520, Cannelton, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,558 (100%) |
| Owner Occupied HU | 934 (59.9%) |
| Renter Occupied HU | 387 (24.8%) |
| Vacant Housing Units | 237 (15.2%) |
| Median Home Value | $218,750 |
| Average Home Value | $251,004 |
Housing Distribution
Address Breakdown
Residential
1,481
Single Family
1,319
Multi-Family
162
Businesses
65
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