6893 N Us Highway 27RidgevilleIN47380
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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 Ridgeville at 6893 N Us Highway 27, Ridgeville, IN, 47380 earns $413/mo cash flow from $1,193/mo rent with a $636/mo payment. Total monthly income totals $1,193/mo, and annual cash flow totals $4,956/yr on $43,062 capital. ROI tracks 31.42% on current figures, and rental yield reads 11.02% at a $129,900 purchase. Equity gained on principal adds $838/yr, and 5% annual appreciation supports $35,889 over five years. Five-year ROI reaches 164.46% and total cumulative return in cash sums $70,819. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,193/mo property income instead of your personal income.
Manufactured
Built in 1999
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47380, Ridgeville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 845 (100%) |
| Owner Occupied HU | 616 (72.9%) |
| Renter Occupied HU | 134 (15.9%) |
| Vacant Housing Units | 95 (11.2%) |
| Median Home Value | $121,023 |
| Average Home Value | $181,416 |
Housing Distribution
Address Breakdown
Residential
812
Single Family
812
Multi-Family
0
Businesses
33
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Listed by: Jairo Correa • Re/Max Evolve
Mls Name: RLMS
Mls ID: #10052199