687 County Road 27AshleyIN46705
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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 Ashley at 687 County Road 27, Ashley, IN, 46705 generates $2,220/mo in rent and, after a $1,468/mo payment, leaves $420/mo in cash flow. Total monthly income is $2,220/mo, and annual cash flow is $5,035/yr on $99,417 invested. Return on cash invested sits at 24.97% in year one, and rental yield is 8.88% on a $299,900 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 129.77% and total cumulative return in cash sums $129,016. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,220/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46705, Ashley, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 736 (100%) |
| Owner Occupied HU | 493 (67.0%) |
| Renter Occupied HU | 162 (22.0%) |
| Vacant Housing Units | 81 (11.0%) |
| Median Home Value | $182,083 |
| Average Home Value | $237,825 |
Housing Distribution
Address Breakdown
Residential
403
Single Family
361
Multi-Family
42
Businesses
69
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