6891 E Hopewell RdAvillaIN46710
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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 Avilla at 6891 E Hopewell Rd, Avilla, IN, 46710 listed at $724,900 pairs $2,388/mo rent with a $3,548/mo payment. Total monthly income runs $2,388/mo. Return on cash invested measures 10.18% in year one, and rental yield registers 3.95% at a $724,900 basis. Equity gained on principal adds $4,678/yr, and annual property appreciation at 5% supports $200,277 by year five. Five-year ROI tracks 50.4% and total cumulative return in cash totals $120,201. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,388/mo property income relative to a $3,548/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1987
23.78 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46710, Avilla, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,877 (100%) |
| Owner Occupied HU | 1,417 (75.5%) |
| Renter Occupied HU | 376 (20.0%) |
| Vacant Housing Units | 84 ( 4.5%) |
| Median Home Value | $223,583 |
| Average Home Value | $252,929 |
Housing Distribution
Address Breakdown
Residential
1,680
Single Family
1,628
Multi-Family
52
Businesses
114
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Listed by: Mary Anne Taylor • North Eastern Group Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202513340
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.