639 E Washington StVeedersburgIN47987
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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 Veedersburg at 639 E Washington St, Veedersburg, IN, 47987 offers $770/mo rent that, after a $776/mo payment. Total monthly income is $770/mo. Return on cash invested measures 15.76% in year one, and rental yield stands at 5.83% at a $158,500 entry. Equity gained on principal adds $1,023/yr while 5% annual appreciation compounds into $43,791 by year five. Five-year ROI records 80.43% and total cumulative return in cash reaches $42,263. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $770/mo property income versus a $776/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1997
10,097 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47987, Veedersburg, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,768 (100%) |
| Owner Occupied HU | 1,275 (72.1%) |
| Renter Occupied HU | 347 (19.6%) |
| Vacant Housing Units | 146 ( 8.3%) |
| Median Home Value | $166,250 |
| Average Home Value | $196,373 |
Housing Distribution
Address Breakdown
Residential
1,598
Single Family
1,577
Multi-Family
21
Businesses
99
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Listed by: Lora E Sorrell • Warren Agency
Mls Name: IRMLS
Mls ID: #202601514