622 State StCulverIN46511
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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
Investment property for sale in Culver at 622 State St, Culver, IN, 46511 uses $177,660 cash to close to unlock $4,302/yr annual cash flow and $359/mo monthly cash flow. Total monthly income runs $3,600/mo, and a $2,643/mo payment keeps the spread at $359/mo. Purchase price stands at $540,000, and rental yield measures 8% with $3,600/mo rent. Return on cash invested shows 22.48% in year one, and 5% annual appreciation builds toward $149,192 over five years. Five-year ROI reaches 116.36% and total cumulative return in cash records $206,726. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,600/mo property income covering a $2,643/mo payment rather than investor’s personal income.
Single Family
Built in 1982
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46511, Culver, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,586 (100%) |
| Owner Occupied HU | 1,377 (53.2%) |
| Renter Occupied HU | 351 (13.6%) |
| Vacant Housing Units | 858 (33.2%) |
| Median Home Value | $281,641 |
| Average Home Value | $400,922 |
Housing Distribution
Address Breakdown
Residential
2,267
Single Family
2,185
Multi-Family
82
Businesses
144
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Listed by: Shawn Reed • COLLINS and CO. REALTORS - CULVER
Mls Name: IRMLS
Mls Provider:
Mls ID: #202518133
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.