6209 Elanor CourtFloyds 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 6209 Elanor Court, Floyds Knobs, IN, 47119 priced at $293,500 converts $2,755/mo rent into $993/mo cash flow after a $1,437/mo obligation. Total monthly income equals $2,755/mo, and annual cash flow totals $11,913/yr on $97,295 invested. Return on cash invested prints 32.15% in year one, and rental yield reads 11.26% against a $293,500 entry. Equity gained on principal adds $1,894/yr, while 5% annual appreciation compiles into $81,089 by year five. Five-year ROI reaches 168.25% and total cumulative return in cash sums $163,703. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,755/mo property income covering a $1,437/mo payment, not borrower’s personal income.
Single Family
Built in 1995
0.27 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: Mallory Annis • RE/MAX FIRST
Mls Name: SIRA
Mls Provider:
Mls ID: #202505239
Disclaimer: IDX information is provided exclusively for consumers personal, noncommercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing data is deemed reliable but is not guaranteed accurate by the SIRA MLS.