6243 S 700 WWestpointIN47992
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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 Westpoint at 6243 S 700 W, Westpoint, IN, 47992 listed at $400,000 pairs $2,244/mo rent with a $1,958/mo payment. Total monthly income runs $2,244/mo. Return on cash invested measures 18.49% in year one, and rental yield registers 6.73% at a $400,000 basis. Equity gained on principal adds $2,581/yr, and annual property appreciation at 5% supports $110,513 by year five. Five-year ROI tracks 94.97% and total cumulative return in cash totals $125,932. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,244/mo property income relative to a $1,958/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2014
1.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47992, Westpoint, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 615 (100%) |
| Owner Occupied HU | 527 (85.7%) |
| Renter Occupied HU | 52 ( 8.5%) |
| Vacant Housing Units | 36 ( 5.9%) |
| Median Home Value | $317,619 |
| Average Home Value | $537,571 |
Housing Distribution
Address Breakdown
Residential
502
Single Family
502
Multi-Family
0
Businesses
17
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Listed by: Melissa Jenkinson • Lafayette Listing Realty LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202524321
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.