6838 N State Road 55Pine VillageIN47975
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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 Pine Village at 6838 N State Road 55, Pine Village, IN, 47975 uses $91,428 cash to close to unlock $2,380/yr annual cash flow and $198/mo monthly cash flow. Total monthly income runs $1,854/mo, and a $1,350/mo payment keeps the spread at $198/mo. Purchase price stands at $275,800, and rental yield measures 8.07% with $1,854/mo rent. Return on cash invested shows 22.51% in year one, and 5% annual appreciation builds toward $76,198 over five years. Five-year ROI reaches 116.6% and total cumulative return in cash records $106,606. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,854/mo property income covering a $1,350/mo payment rather than investor’s personal income.
Single Family
Built in 1971
3.82 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47975, Pine Village, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 334 (100%) |
| Owner Occupied HU | 251 (75.1%) |
| Renter Occupied HU | 37 (11.1%) |
| Vacant Housing Units | 46 (13.8%) |
| Median Home Value | $236,029 |
| Average Home Value | $257,908 |
Housing Distribution
Address Breakdown
Residential
209
Single Family
209
Multi-Family
0
Businesses
13
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Listed by: Justin Smallwood • Indiana Flat Fee Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202431811
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.