638 Main StElnoraIN47529
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 Elnora at 638 Main St, Elnora, IN, 47529 offers $1,847/mo rent that, after a $1,392/mo payment, leaves $140/mo cash flow. Total monthly income is $1,847/mo, and annual cash flow is $1,676/yr on $94,312 cash. Return on cash invested measures 21.69% in year one, and rental yield stands at 7.79% at a $284,500 entry. Equity gained on principal adds $1,836/yr while 5% annual appreciation compounds into $78,602 by year five. Five-year ROI records 112.14% and total cumulative return in cash reaches $105,761. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,847/mo property income versus a $1,392/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1961
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47529, Elnora, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 441 (100%) |
| Owner Occupied HU | 277 (62.8%) |
| Renter Occupied HU | 107 (24.3%) |
| Vacant Housing Units | 57 (12.9%) |
| Median Home Value | $199,167 |
| Average Home Value | $263,060 |
Housing Distribution
Address Breakdown
Residential
291
Single Family
291
Multi-Family
0
Businesses
27
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