620 Main StGrandviewIN47615
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 620 Main St, Grandview, IN, 47615 uses $57,847 cash to close to unlock $3,607/yr annual cash flow and $301/mo monthly cash flow. Total monthly income runs $1,348/mo, and a $854/mo payment keeps the spread at $301/mo. Purchase price stands at $174,500, and rental yield measures 9.27% with $1,348/mo rent. Return on cash invested shows 26.14% in year one, and 5% annual appreciation builds toward $48,211 over five years. Five-year ROI reaches 136.07% and total cumulative return in cash records $78,714. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,348/mo property income covering a $854/mo payment rather than investor’s personal income.
Single Family
Built in 1913
0.35 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices