626 Floyd AveVersaillesIN47042
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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 Versailles at 626 Floyd Ave, Versailles, IN, 47042 offers a 9.04% rental yield on a $218,700 purchase with $1,648/mo rent. Total monthly income registers $1,648/mo, and a $1,070/mo payment leaves $336/mo available for distribution. Annual cash flow reaches $4,027/yr on $72,499 to close, and return on cash invested stands at 25.46% in year one. Equity gained on principal adds $1,411/yr while 5% annual appreciation supports $60,423 over five years. Portfolio math shows five-year ROI at 132.4% and total cumulative return in cash at $95,987. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,648/mo property income against a $1,070/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1976
0.77 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47042, Versailles, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,997 (100%) |
| Owner Occupied HU | 1,258 (63.0%) |
| Renter Occupied HU | 542 (27.1%) |
| Vacant Housing Units | 197 ( 9.9%) |
| Median Home Value | $192,586 |
| Average Home Value | $228,027 |
Housing Distribution
Address Breakdown
Residential
1,809
Single Family
1,661
Multi-Family
148
Businesses
173
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