628 S Summit StFrench LickIN47432
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 French Lick at 628 S Summit St, French Lick, IN, 47432 at $119,000 posts ROI 32.02% with $398/mo cash flow from $1,112/mo rent. Total monthly income equals $1,112/mo, and annual cash flow records $4,777/yr on $39,449 to close. Return on cash invested measures 32.02% and rental yield reads 11.21% at the current $119,000. Equity gained on principal adds $768/yr, and 5% annual appreciation supports $32,878 by year five. Five-year ROI prints 167.65% and total cumulative return in cash totals $66,137.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,112/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1919
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47432, French Lick, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,152 (100%) |
| Owner Occupied HU | 1,401 (65.1%) |
| Renter Occupied HU | 481 (22.4%) |
| Vacant Housing Units | 270 (12.5%) |
| Median Home Value | $171,228 |
| Average Home Value | $188,499 |
Housing Distribution
Address Breakdown
Residential
1,950
Single Family
1,872
Multi-Family
78
Businesses
142
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Listed by: RANDY A CHAPLIN • Brooks Galloway Real Estate
Mls Name: IRMLS
Mls ID: #202601564