623 Ferndale StPlymouthIN46563
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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 Plymouth at 623 Ferndale St, Plymouth, IN, 46563 uses $59,670 cash to close to unlock $4,254/yr annual cash flow and $355/mo monthly cash flow. Total monthly income runs $1,435/mo, and a $881/mo payment keeps the spread at $355/mo. Purchase price stands at $180,000, and rental yield measures 9.57% with $1,435/mo rent. Return on cash invested shows 27.04% in year one, and 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 140.86% and total cumulative return in cash records $84,053. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,435/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1950
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46563, Plymouth, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,990 (100%) |
| Owner Occupied HU | 6,786 (67.9%) |
| Renter Occupied HU | 2,320 (23.2%) |
| Vacant Housing Units | 884 ( 8.8%) |
| Median Home Value | $222,571 |
| Average Home Value | $253,754 |
Housing Distribution
Address Breakdown
Residential
9,452
Single Family
8,969
Multi-Family
483
Businesses
910
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Listed by: Shannon K Lunetta • RE/MAX OAK CREST -PLYMOUTH
Mls Name: IRMLS
Mls Provider:
Mls ID: #202539028
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.