6294 State Road 56 NRising SunIN47040
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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 Rising Sun at 6294 State Road 56 N, Rising Sun, IN, 47040 earns $354/mo cash flow from $1,464/mo rent with a $905/mo payment. Total monthly income totals $1,464/mo, and annual cash flow totals $4,249/yr on $61,294 capital. ROI tracks 26.84% on current figures, and rental yield reads 9.5% at a $184,900 purchase. Equity gained on principal adds $1,193/yr, and 5% annual appreciation supports $51,084 over five years. Five-year ROI reaches 139.84% and total cumulative return in cash sums $85,711. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,464/mo property income instead of your personal income.
Single Family
Built in 1948
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47040, Rising Sun, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,432 (100%) |
| Owner Occupied HU | 1,598 (65.7%) |
| Renter Occupied HU | 576 (23.7%) |
| Vacant Housing Units | 258 (10.6%) |
| Median Home Value | $199,459 |
| Average Home Value | $255,566 |
Housing Distribution
Address Breakdown
Residential
2,305
Single Family
2,135
Multi-Family
170
Businesses
126
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Listed by: Brian Brockman • Bang Realty Inc
Mls Name: SEIBR
Mls ID: #204079
Disclaimer: Copyright Southeastern Indiana Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.