642 S 2nd StOrleansIN47452
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 Orleans at 642 S 2nd St, Orleans, IN, 47452 offers $1,057/mo rent that, after a $636/mo payment, leaves $277/mo cash flow. Total monthly income is $1,057/mo, and annual cash flow is $3,324/yr on $43,062 cash. Return on cash invested measures 27.63% in year one, and rental yield stands at 9.76% at a $129,900 entry. Equity gained on principal adds $838/yr while 5% annual appreciation compounds into $35,889 by year five. Five-year ROI records 144.12% and total cumulative return in cash reaches $62,059. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,057/mo property income versus a $636/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1996
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47452, Orleans, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,132 (100%) |
| Owner Occupied HU | 1,460 (68.5%) |
| Renter Occupied HU | 520 (24.4%) |
| Vacant Housing Units | 152 ( 7.1%) |
| Median Home Value | $190,169 |
| Average Home Value | $242,151 |
Housing Distribution
Address Breakdown
Residential
2,066
Single Family
2,062
Multi-Family
4
Businesses
122
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Listed by: Karen A Goodwine • Williams Carpenter Realtors
Mls Name: IRMLS
Mls Provider:
Mls ID: #202508778
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.