63 E McKeever StAndrewsIN46702
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
Rental property for sale in Andrews at 63 E McKeever St, Andrews, IN, 46702 priced at $205,000 converts $1,657/mo rent into $427/mo cash flow after a $1,003/mo obligation. Total monthly income equals $1,657/mo, and annual cash flow totals $5,121/yr on $67,958 invested. Return on cash invested prints 27.45% in year one, and rental yield reads 9.7% against a $205,000 entry. Equity gained on principal adds $1,323/yr, while 5% annual appreciation compiles into $56,638 by year five. Five-year ROI reaches 143% and total cumulative return in cash sums $97,182. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,657/mo property income covering a $1,003/mo payment, not borrower’s personal income.
Single Family
Built in 1900
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46702, Andrews, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 956 (100%) |
| Owner Occupied HU | 708 (74.1%) |
| Renter Occupied HU | 139 (14.5%) |
| Vacant Housing Units | 109 (11.4%) |
| Median Home Value | $245,000 |
| Average Home Value | $276,691 |
Housing Distribution
Address Breakdown
Residential
788
Single Family
763
Multi-Family
25
Businesses
35
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices