70 Armitage St WCiceroIN46034
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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 Cicero at 70 Armitage St W, Cicero, IN, 46034 priced at $227,900 converts $1,650/mo rent into $282/mo cash flow after a $1,115/mo obligation. Total monthly income equals $1,650/mo, and annual cash flow totals $3,389/yr on $75,549 invested. Return on cash invested prints 24.39% in year one, and rental yield reads 8.69% against a $227,900 entry. Equity gained on principal adds $1,471/yr, while 5% annual appreciation compiles into $62,965 by year five. Five-year ROI reaches 126.68% and total cumulative return in cash sums $95,707. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,650/mo property income covering a $1,115/mo payment, not borrower’s personal income.
Single Family
Built in 1995
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46034, Cicero, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,424 (100%) |
| Owner Occupied HU | 2,743 (80.1%) |
| Renter Occupied HU | 503 (14.7%) |
| Vacant Housing Units | 178 ( 5.2%) |
| Median Home Value | $480,619 |
| Average Home Value | $488,950 |
Housing Distribution
Address Breakdown
Residential
2,991
Single Family
2,991
Multi-Family
0
Businesses
204
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