6501 Wrought Iron Way, Georgetown, IN, 47122 | $223/mo Cash Flow

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6501 Wrought Iron Way, Georgetown, IN, 47122 | $223/mo Cash Flow | Ziffy

For Sale

Fix & Flip

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Georgetown at 6501 Wrought Iron Way, Georgetown, IN, 47122 uses $79,560 cash to close to unlock $2,676/yr annual cash flow and $223/mo monthly cash flow. Total monthly income runs $1,664/mo, and a $1,175/mo payment keeps the spread at $223/mo. Purchase price stands at $240,000, and rental yield measures 8.32% with $1,664/mo rent. Return on cash invested shows 23.27% in year one, and 5% annual appreciation builds toward $66,308 over five years. Five-year ROI reaches 120.62% and total cumulative return in cash records $95,966. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,664/mo property income covering a $1,175/mo payment rather than investor’s personal income.

Single Family

Built in 1986

0.96 Acres lot

$N/A/sqft

No HOA

More details about the property

Fixer Upper! This unique 3 bedroom, 2 bath ranch home is situated on .96-acre corner lot in Iron Gate Subdivision. Investors dream, needs work, large living room with woodburning fireplace and spiral staircase leading to the walk-out basement, laundry room off of kitchen and an attached 2-car garage. Above-ground pool and decking need to be removed. Do not walk on decks or get near pool, may not be stable. Being sold AS-IS. Offers will need court approval for estate. All measurements are approx. Buyer to verify sq. ft., rm. sz. , lot size, taxes & school system. Sq ft & rm sz approx.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47122, Georgetown, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,539 (100%)
Owner Occupied HU	3,927 (86.5%)
Renter Occupied HU	451 ( 9.9%)
Vacant Housing Units	161 ( 3.5%)
Median Home Value	$317,873
Average Home Value	$358,790