638 W 8th StRushvilleIN46173
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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 Rushville at 638 W 8th St, Rushville, IN, 46173 uses $38,123 cash to close to unlock $6,042/yr annual cash flow and $504/mo monthly cash flow. Total monthly income runs $1,194/mo, and a $563/mo payment keeps the spread at $504/mo. Purchase price stands at $115,000, and rental yield measures 12.46% with $1,194/mo rent. Return on cash invested shows 35.76% in year one, and 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 187.66% and total cumulative return in cash records $71,541. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,194/mo property income covering a $563/mo payment rather than investor’s personal income.
Single Family
Built in 1910
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46173, Rushville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,722 (100%) |
| Owner Occupied HU | 2,930 (62.0%) |
| Renter Occupied HU | 1,336 (28.3%) |
| Vacant Housing Units | 456 ( 9.7%) |
| Median Home Value | $171,163 |
| Average Home Value | $232,025 |
Housing Distribution
Address Breakdown
Residential
4,494
Single Family
4,390
Multi-Family
104
Businesses
440
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