654 Colvin DrVersaillesIN47042
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 Versailles at 654 Colvin Dr, Versailles, IN, 47042 offers $1,542/mo rent that, after a $905/mo payment, leaves $432/mo cash flow. Total monthly income is $1,542/mo, and annual cash flow is $5,185/yr on $61,294 cash. Return on cash invested measures 28.37% in year one, and rental yield stands at 10.01% at a $184,900 entry. Equity gained on principal adds $1,193/yr while 5% annual appreciation compounds into $51,084 by year five. Five-year ROI records 148.04% and total cumulative return in cash reaches $90,739. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,542/mo property income versus a $905/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47042, Versailles, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,997 (100%) |
| Owner Occupied HU | 1,258 (63.0%) |
| Renter Occupied HU | 542 (27.1%) |
| Vacant Housing Units | 197 ( 9.9%) |
| Median Home Value | $192,586 |
| Average Home Value | $228,027 |
Housing Distribution
Address Breakdown
Residential
1,809
Single Family
1,661
Multi-Family
148
Businesses
173
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Laken Farrell • Beach Real Estate and Rentals
Mls Name: SEIBR
Mls ID: #204762
Disclaimer: Copyright Southeastern Indiana Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.