618 W Cherry StBoonvilleIN47601
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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 Boonville at 618 W Cherry St, Boonville, IN, 47601 priced at $116,000 pairs $1,303/mo rent with $606/mo cash flow after a $568/mo payment. Total monthly income equals $1,303/mo, and annual cash flow comes to $7,277/yr on $38,454 invested. Return on cash invested is 38.83% in year one, and rental yield stands at 13.48% on a $116,000 basis. Equity gained on principal adds $749/yr, and 5% annual appreciation accumulates to $32,049 by year five. Five-year ROI measures 204.18% and total cumulative return in cash reaches $78,515. For financing, Ziffy Mortgage’s DSCR program evaluates $1,303/mo property income against a $568/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1900
1.06 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47601, Boonville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,063 (100%) |
| Owner Occupied HU | 4,644 (76.6%) |
| Renter Occupied HU | 1,004 (16.6%) |
| Vacant Housing Units | 415 ( 6.8%) |
| Median Home Value | $231,570 |
| Average Home Value | $282,098 |
Housing Distribution
Address Breakdown
Residential
5,853
Single Family
5,666
Multi-Family
187
Businesses
417
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