6262 S Us Highway 421VersaillesIN47042
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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 6262 S Us Highway 421, Versailles, IN, 47042 uses $49,394 cash to close to unlock $4,522/yr annual cash flow and $377/mo monthly cash flow. Total monthly income runs $1,271/mo, and a $729/mo payment keeps the spread at $377/mo. Purchase price stands at $149,000, and rental yield measures 10.24% with $1,271/mo rent. Return on cash invested shows 29.06% in year one, and 5% annual appreciation builds toward $41,166 over five years. Five-year ROI reaches 151.7% and total cumulative return in cash records $74,932. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,271/mo property income covering a $729/mo payment rather than investor’s personal income.
Single Family
Built in 1900
N/A 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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Listed by: Sandra Baker • Lohmiller Real Estate
Mls Name: SEIBR
Mls ID: #205245
Disclaimer: Copyright Southeastern Indiana Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.