615 Lakeshore DriveScottsburgIN47170
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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 Scottsburg at 615 Lakeshore Drive, Scottsburg, IN, 47170 uses $46,410 cash to close to unlock $2,542/yr annual cash flow and $212/mo monthly cash flow. Total monthly income runs $1,052/mo, and a $685/mo payment keeps the spread at $212/mo. Purchase price stands at $140,000, and rental yield measures 9.02% with $1,052/mo rent. Return on cash invested shows 25.39% in year one, and 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 131.97% and total cumulative return in cash records $61,246. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,052/mo property income covering a $685/mo payment rather than investor’s personal income.
Single Family
Built in 1941
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47170, Scottsburg, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,833 (100%) |
| Owner Occupied HU | 4,256 (62.3%) |
| Renter Occupied HU | 1,960 (28.7%) |
| Vacant Housing Units | 617 ( 9.0%) |
| Median Home Value | $185,872 |
| Average Home Value | $216,799 |
Housing Distribution
Address Breakdown
Residential
6,473
Single Family
6,313
Multi-Family
160
Businesses
537
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Listed by: Thomas R Jordan • Semonin REALTORS
Mls Name: SIRA
Mls ID: #2025010971