624 15th StBedfordIN47421
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Bedford at 624 15th St, Bedford, IN, 47421 generates $1,500/mo in rent and, after a $929/mo payment, leaves $361/mo in cash flow. Total monthly income is $1,500/mo, and annual cash flow is $4,326/yr on $62,952 invested. Return on cash invested sits at 26.78% in year one, and rental yield is 9.48% on a $189,900 entry. Equity gained on principal adds $1,225/yr, while 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 139.47% and total cumulative return in cash sums $87,797. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,500/mo property income rather than buyer’s personal income.
Single Family
Built in 1890
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47421, Bedford, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,866 (100%) |
| Owner Occupied HU | 8,906 (69.2%) |
| Renter Occupied HU | 2,874 (22.3%) |
| Vacant Housing Units | 1,086 ( 8.4%) |
| Median Home Value | $213,813 |
| Average Home Value | $236,330 |
Housing Distribution
Address Breakdown
Residential
12,447
Single Family
12,103
Multi-Family
344
Businesses
999
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices