618 W Riverside DriveJeffersonvilleIN47130
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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 Jeffersonville at 618 W Riverside Drive, Jeffersonville, IN, 47130 priced at $539,900 converts $2,503/mo rent into after a $2,643/mo obligation. Total monthly income equals $2,503/mo. Return on cash invested prints 15.07% in year one, and rental yield reads 5.56% against a $539,900 entry. Equity gained on principal adds $3,484/yr, while 5% annual appreciation compiles into $149,164 by year five. Five-year ROI reaches 76.63% and total cumulative return in cash sums $136,111. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,503/mo property income covering a $2,643/mo payment, not borrower’s personal income.
Condo
Built in 1993
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47130, Jeffersonville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,959 (100%) |
| Owner Occupied HU | 14,147 (59.0%) |
| Renter Occupied HU | 8,079 (33.7%) |
| Vacant Housing Units | 1,733 ( 7.2%) |
| Median Home Value | $238,881 |
| Average Home Value | $268,900 |
Housing Distribution
Address Breakdown
Residential
23,377
Single Family
20,941
Multi-Family
2,436
Businesses
1,498
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Listed by: Terri Wedding • Semonin REALTORS
Mls Name: SIRA
Mls ID: #202509914