6178 St Marys RoadFloyds KnobsIN47119
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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
Rental property for sale in Floyds Knobs at 6178 St Marys Road, Floyds Knobs, IN, 47119 generates $1,808/mo in rent, after a $1,958/mo payment. Total monthly income is $1,808/mo. Return on cash invested sits at 14.54% in year one, and rental yield is 5.42% on a $400,000 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation builds toward $110,513 over five years. Five-year ROI reaches 73.81% and total cumulative return in cash sums $97,876. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,808/mo property income rather than buyer’s personal income.
Single Family
Built in 1957
2.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47119, Floyds Knobs, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,705 (100%) |
| Owner Occupied HU | 4,175 (88.7%) |
| Renter Occupied HU | 368 ( 7.8%) |
| Vacant Housing Units | 162 ( 3.4%) |
| Median Home Value | $402,736 |
| Average Home Value | $442,299 |
Housing Distribution
Address Breakdown
Residential
4,687
Single Family
4,687
Multi-Family
0
Businesses
308
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Listed by: Bailey McLean • RE/MAX FIRST
Mls Name: SIRA
Mls ID: #202605693