63 W Elm StSomersetIN46984
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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
Rental property for sale in Somerset at 63 W Elm St, Somerset, IN, 46984 priced at $257,500 converts $2,124/mo rent into $579/mo cash flow after a $1,260/mo obligation. Total monthly income equals $2,124/mo, and annual cash flow totals $6,943/yr on $85,361 invested. Return on cash invested prints 28.04% in year one, and rental yield reads 9.9% against a $257,500 entry. Equity gained on principal adds $1,662/yr, while 5% annual appreciation compiles into $71,143 by year five. Five-year ROI reaches 146.22% and total cumulative return in cash sums $124,813. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,124/mo property income covering a $1,260/mo payment, not borrower’s personal income.
Single Family
Built in 1996
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46984, Somerset, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | |
| Owner Occupied HU | |
| Renter Occupied HU | |
| Vacant Housing Units | |
| Median Home Value | |
| Average Home Value |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
11
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Listed by: Stacia Bonifant • Creative Realty - Peru
Mls Name: IRMLS
Mls Provider:
Mls ID: #202535449
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