615 W 9th StGrandviewIN47615
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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 Grandview at 615 W 9th St, Grandview, IN, 47615 earns $285/mo cash flow from $1,305/mo rent with a $832/mo payment. Total monthly income totals $1,305/mo, and annual cash flow totals $3,415/yr on $56,355 capital. ROI tracks 25.97% on current figures, and rental yield reads 9.21% at a $170,000 purchase. Equity gained on principal adds $1,097/yr, and 5% annual appreciation supports $46,968 over five years. Five-year ROI reaches 135.15% and total cumulative return in cash sums $76,161. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,305/mo property income instead of your personal income.
Single Family
Built in 1998
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47615, Grandview, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 657 (100%) |
| Owner Occupied HU | 494 (75.2%) |
| Renter Occupied HU | 98 (14.9%) |
| Vacant Housing Units | 65 ( 9.9%) |
| Median Home Value | $215,351 |
| Average Home Value | $249,423 |
Housing Distribution
Address Breakdown
Residential
602
Single Family
602
Multi-Family
0
Businesses
19
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