6830 E Homette AveKnoxIN46534
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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
Investment property for sale in Knox at 6830 E Homette Ave, Knox, IN, 46534 uses $63,648 cash to close to unlock $8,570/yr annual cash flow and $714/mo monthly cash flow. Total monthly income runs $1,867/mo, and a $940/mo payment keeps the spread at $714/mo. Purchase price stands at $192,000, and rental yield measures 11.67% with $1,867/mo rent. Return on cash invested shows 33.37% in year one, and 5% annual appreciation builds toward $53,046 over five years. Five-year ROI reaches 174.86% and total cumulative return in cash records $111,292. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,867/mo property income covering a $940/mo payment rather than investor’s personal income.
Manufactured
Built in 2000
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46534, Knox, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,643 (100%) |
| Owner Occupied HU | 3,568 (63.2%) |
| Renter Occupied HU | 906 (16.1%) |
| Vacant Housing Units | 1,169 (20.7%) |
| Median Home Value | $184,604 |
| Average Home Value | $238,561 |
Housing Distribution
Address Breakdown
Residential
5,029
Single Family
4,940
Multi-Family
89
Businesses
335
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