6253 S Canal StRileyIN47871
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 Riley at 6253 S Canal St, Riley, IN, 47871 listed at $124,300 pairs $1,210/mo rent with a $608/mo payment to leave $464/mo cash flow. Total monthly income runs $1,210/mo, and annual cash flow reaches $5,571/yr on $41,205 cash to close. Return on cash invested measures 33.43% in year one, and rental yield registers 11.68% at a $124,300 basis. Equity gained on principal adds $802/yr, and annual property appreciation at 5% supports $34,342 by year five. Five-year ROI tracks 175.2% and total cumulative return in cash totals $72,193. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,210/mo property income relative to a $608/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1910
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47871, Riley, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 75 (100%) |
| Owner Occupied HU | 58 (77.3%) |
| Renter Occupied HU | 11 (14.7%) |
| Vacant Housing Units | 6 ( 8.0%) |
| Median Home Value | $236,842 |
| Average Home Value | $397,155 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
34
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
