637 E Benjamin StEllettsvilleIN47429
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 Ellettsville at 637 E Benjamin St, Ellettsville, IN, 47429 priced at $465,000 converts $2,923/mo rent into $132/mo cash flow after a $2,276/mo obligation. Total monthly income equals $2,923/mo, and annual cash flow totals $1,579/yr on $154,148 invested. Return on cash invested prints 20.93% in year one, and rental yield reads 7.54% against a $465,000 entry. Equity gained on principal adds $3,001/yr, while 5% annual appreciation compiles into $128,471 by year five. Five-year ROI reaches 108.09% and total cumulative return in cash sums $166,619. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,923/mo property income covering a $2,276/mo payment, not borrower’s personal income.
Single Family
Built in 2020
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47429, Ellettsville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,306 (100%) |
| Owner Occupied HU | 2,560 (77.4%) |
| Renter Occupied HU | 615 (18.6%) |
| Vacant Housing Units | 131 ( 4.0%) |
| Median Home Value | $281,209 |
| Average Home Value | $306,251 |
Housing Distribution
Address Breakdown
Residential
3,359
Single Family
3,286
Multi-Family
73
Businesses
162
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Listed by: Kathy Boyce • RE/MAX Real Estate Prof
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22073457