6990 N Hickory Ln, Springport, IN, 47386 | Equity Gain $1,549/yr

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6990 N Hickory Ln, Springport, IN, 47386 | Equity Gain $1,549/yr | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Springport at 6990 N Hickory Ln, Springport, IN, 47386 offers a 0% rental yield on a $240,000 purchase with $0/mo rent. 83% in year one. Equity gained on principal adds $1,549/yr while 5% annual appreciation supports $66,308 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $1,175/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1974

1.10 Acres lot

$N/A/sqft

No HOA

More details about the property

Nestled at 6990 N Hickory LN, SPRINGPORT, IN, this inviting home in a tranquil corner of the USA awaits. The property is ready to move in. Imagine evenings spent in the living room, where the fireplace casts a warm glow, creating a cozy atmosphere for relaxation and reflection. The kitchen provides a culinary haven, complete with a kitchen bar and a kitchen peninsula, making meal preparation and casual dining an absolute pleasure. The bathrooms offer a private sanctuary, featuring a double vanity that provides ample space and convenience for your daily routines. Step outside onto the patio, where you can bask in the beauty of the surrounding woods view, creating a peaceful retreat right at your doorstep. As the day ends, gather around the fire pit, sharing stories and creating memories under the starlit sky. With 4 bedrooms and 3 full bathrooms, the single-family residence offers ample space for comfortable living. The laundry room adds a practical touch, making household chores a breeze. The generous 48003 square feet lot area provides plenty of room to roam and explore. This 2198 square feet single-family residence, built in 1974, blends classic charm with modern comfort. This property is being AS IS.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47386, Springport, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	527 (100%)
Owner Occupied HU	450 (85.4%)
Renter Occupied HU	39 ( 7.4%)
Vacant Housing Units	38 ( 7.2%)
Median Home Value	$220,455
Average Home Value	$306,517