657 Heuser Street NEPalmyraIN47164
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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 Palmyra at 657 Heuser Street NE, Palmyra, IN, 47164 priced at $223,500 pairs $1,596/mo rent with $254/mo cash flow after a $1,094/mo payment. Total monthly income equals $1,596/mo, and annual cash flow comes to $3,051/yr on $74,090 invested. Return on cash invested is 24.03% in year one, and rental yield stands at 8.57% on a $223,500 basis. Equity gained on principal adds $1,442/yr, and 5% annual appreciation accumulates to $61,749 by year five. Five-year ROI measures 124.74% and total cumulative return in cash reaches $92,418. For financing, Ziffy Mortgage’s DSCR program evaluates $1,596/mo property income against a $1,094/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2004
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47164, Palmyra, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,602 (100%) |
| Owner Occupied HU | 1,200 (74.9%) |
| Renter Occupied HU | 292 (18.2%) |
| Vacant Housing Units | 110 ( 6.9%) |
| Median Home Value | $230,747 |
| Average Home Value | $244,842 |
Housing Distribution
Address Breakdown
Residential
1,490
Single Family
1,490
Multi-Family
0
Businesses
69
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