621 Leon Prall RoadOtiscoIN47163
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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 Otisco at 621 Leon Prall Road, Otisco, IN, 47163 generates $2,554/mo in rent and, after a $1,904/mo payment, leaves $219/mo in cash flow. Total monthly income is $2,554/mo, and annual cash flow is $2,626/yr on $128,954 invested. Return on cash invested sits at 21.95% in year one, and rental yield is 7.88% on a $389,000 entry. Equity gained on principal adds $2,510/yr, while 5% annual appreciation builds toward $107,474 over five years. Five-year ROI reaches 113.52% and total cumulative return in cash sums $146,382. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,554/mo property income rather than buyer’s personal income.
Single Family
Built in 2002
1.79 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47163, Otisco, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 596 (100%) |
| Owner Occupied HU | 495 (83.1%) |
| Renter Occupied HU | 60 (10.1%) |
| Vacant Housing Units | 41 ( 6.9%) |
| Median Home Value | $270,238 |
| Average Home Value | $333,581 |
Housing Distribution
Address Breakdown
Residential
671
Single Family
671
Multi-Family
0
Businesses
6
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