625 S Lantern LnEllettsvilleIN47429
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
Investment property for sale in Ellettsville at 625 S Lantern Ln, Ellettsville, IN, 47429 at $305,000 posts ROI 30.03% with $853/mo cash flow from $2,684/mo rent. Total monthly income equals $2,684/mo, and annual cash flow records $10,236/yr on $101,108 to close. Return on cash invested measures 30.03% and rental yield reads 10.56% at the current $305,000. Equity gained on principal adds $1,968/yr, and 5% annual appreciation supports $84,266 by year five. Five-year ROI prints 156.88% and total cumulative return in cash totals $158,614.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,684/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1993
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47429, Ellettsville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,306 (100%) |
| Owner Occupied HU | 2,560 (77.4%) |
| Renter Occupied HU | 615 (18.6%) |
| Vacant Housing Units | 131 ( 4.0%) |
| Median Home Value | $281,209 |
| Average Home Value | $306,251 |
Housing Distribution
Address Breakdown
Residential
3,359
Single Family
3,286
Multi-Family
73
Businesses
162
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Listed by: Samantha Strunk • Millican Realty
Mls Name: IRMLS
Mls ID: #202534086