6800 W Deer Creek Cove LnCanneltonIN47520
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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 Cannelton at 6800 W Deer Creek Cove Ln, Cannelton, IN, 47520 priced at $587,300 pairs $1,838/mo rent with after a $2,875/mo payment. Total monthly income equals $1,838/mo. Return on cash invested is 8.22% in year one, and rental yield stands at 3.76% on a $587,300 basis. Equity gained on principal adds $3,790/yr, and 5% annual appreciation accumulates to $162,260 by year five. Five-year ROI measures 40.38% and total cumulative return in cash reaches $78,020. For financing, Ziffy Mortgage’s DSCR program evaluates $1,838/mo property income against a $2,875/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2017
4.97 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47520, Cannelton, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,558 (100%) |
| Owner Occupied HU | 934 (59.9%) |
| Renter Occupied HU | 387 (24.8%) |
| Vacant Housing Units | 237 (15.2%) |
| Median Home Value | $218,750 |
| Average Home Value | $251,004 |
Housing Distribution
Address Breakdown
Residential
1,481
Single Family
1,319
Multi-Family
162
Businesses
65
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