660 E Bonebrake RdVeedersburgIN47987
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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 Veedersburg at 660 E Bonebrake Rd, Veedersburg, IN, 47987 priced at $352,000 converts $2,658/mo rent into $545/mo cash flow after a $1,723/mo obligation. Total monthly income equals $2,658/mo, and annual cash flow totals $6,538/yr on $116,688 invested. Return on cash invested prints 25.51% in year one, and rental yield reads 9.06% against a $352,000 entry. Equity gained on principal adds $2,271/yr, while 5% annual appreciation compiles into $97,251 by year five. Five-year ROI reaches 132.64% and total cumulative return in cash sums $154,770. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,658/mo property income covering a $1,723/mo payment, not borrower’s personal income.
Single Family
Built in 1974
1.42 Acres 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: Audrey Keller • Bentley Real Estate
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22080922