6250 N Highway 11 SEElizabethIN47117
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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
Rental property for sale in Elizabeth at 6250 N Highway 11 SE, Elizabeth, IN, 47117 generates $1,565/mo in rent and, after a $1,176/mo payment, leaves $123/mo in cash flow. Total monthly income is $1,565/mo, and annual cash flow is $1,473/yr on $79,626 invested. Return on cash invested sits at 21.76% in year one, and rental yield is 7.82% on a $240,200 entry. Equity gained on principal adds $1,550/yr, while 5% annual appreciation builds toward $66,363 over five years. Five-year ROI reaches 112.52% and total cumulative return in cash sums $89,597. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,565/mo property income rather than buyer’s personal income.
Single Family
Built in 1976
1.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47117, Elizabeth, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,903 (100%) |
| Owner Occupied HU | 1,547 (81.3%) |
| Renter Occupied HU | 188 ( 9.9%) |
| Vacant Housing Units | 168 ( 8.8%) |
| Median Home Value | $235,074 |
| Average Home Value | $269,627 |
Housing Distribution
Address Breakdown
Residential
1,785
Single Family
1,785
Multi-Family
0
Businesses
42
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