622 N Forrest DriveSellersburgIN47172
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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 Sellersburg at 622 N Forrest Drive, Sellersburg, IN, 47172 generates $2,911/mo in rent and, after a $1,640/mo payment, leaves $900/mo in cash flow. Total monthly income is $2,911/mo, and annual cash flow is $10,797/yr on $111,053 invested. Return on cash invested sits at 29.63% in year one, and rental yield is 10.43% on a $335,000 entry. Equity gained on principal adds $2,162/yr, while 5% annual appreciation builds toward $92,554 over five years. Five-year ROI reaches 154.72% and total cumulative return in cash sums $171,824. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,911/mo property income rather than buyer’s personal income.
Single Family
Built in 1978
1.83 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47172, Sellersburg, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,462 (100%) |
| Owner Occupied HU | 6,699 (79.2%) |
| Renter Occupied HU | 1,398 (16.5%) |
| Vacant Housing Units | 365 ( 4.3%) |
| Median Home Value | $271,284 |
| Average Home Value | $290,171 |
Housing Distribution
Address Breakdown
Residential
8,461
Single Family
8,291
Multi-Family
170
Businesses
514
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Listed by: Ann Osterhoudt • Lopp Real Estate Brokers
Mls Name: SIRA
Mls ID: #202508963