6286 N 50 EFortvilleIN46040
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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 Fortville at 6286 N 50 E, Fortville, IN, 46040 offers a 4.72% rental yield on a $450,000 purchase with $1,770/mo rent. 41% in year one. Equity gained on principal adds $2,904/yr while 5% annual appreciation supports $124,327 over five years. Portfolio math shows five-year ROI at 62.42% and total cumulative return in cash at $93,114. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,770/mo property income against a $2,203/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1973
4.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46040, Fortville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,759 (100%) |
| Owner Occupied HU | 5,701 (84.3%) |
| Renter Occupied HU | 808 (12.0%) |
| Vacant Housing Units | 250 ( 3.7%) |
| Median Home Value | $441,068 |
| Average Home Value | $493,644 |
Housing Distribution
Address Breakdown
Residential
6,553
Single Family
6,502
Multi-Family
51
Businesses
264
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