6903 State Road 1SpencervilleIN46788
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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 Spencerville at 6903 State Road 1, Spencerville, IN, 46788 listed at $185,000 pairs $1,425/mo rent with a $905/mo payment to leave $315/mo cash flow. Total monthly income runs $1,425/mo, and annual cash flow reaches $3,780/yr on $61,328 cash to close. Return on cash invested measures 26.07% in year one, and rental yield registers 9.24% at a $185,000 basis. Equity gained on principal adds $1,194/yr, and annual property appreciation at 5% supports $51,112 by year five. Five-year ROI tracks 135.62% and total cumulative return in cash totals $83,175. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,425/mo property income relative to a $905/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1920
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46788, Spencerville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,295 (100%) |
| Owner Occupied HU | 1,160 (89.6%) |
| Renter Occupied HU | 88 ( 6.8%) |
| Vacant Housing Units | 47 ( 3.6%) |
| Median Home Value | $357,944 |
| Average Home Value | $397,050 |
Housing Distribution
Address Breakdown
Residential
1,107
Single Family
1,107
Multi-Family
0
Businesses
32
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Listed by: Shelby VonDerau • Open Door Rentals and Real Estate
Mls Name: IRMLS
Mls ID: #202600010