7009 Highway 3OtiscoIN47163
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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 Otisco at 7009 Highway 3, Otisco, IN, 47163 generates $2,371/mo in rent and, after a $496/mo payment, leaves $1,763/mo in cash flow. Total monthly income is $2,371/mo, and annual cash flow is $21,153/yr on $33,564 invested. Return on cash invested sits at 82.93% in year one, and rental yield is 28.1% on a $101,250 entry. Equity gained on principal adds $653/yr, while 5% annual appreciation builds toward $27,974 over five years. Five-year ROI reaches 440.61% and total cumulative return in cash sums $147,888. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,371/mo property income rather than buyer’s personal income.
Single Family
Built in 1967
2.89 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47163, Otisco, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 596 (100%) |
| Owner Occupied HU | 495 (83.1%) |
| Renter Occupied HU | 60 (10.1%) |
| Vacant Housing Units | 41 ( 6.9%) |
| Median Home Value | $270,238 |
| Average Home Value | $333,581 |
Housing Distribution
Address Breakdown
Residential
671
Single Family
671
Multi-Family
0
Businesses
6
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Listed by: Chris Koerner • Property Advancement Realty
Mls Name: SIRA
Mls Provider:
Mls ID: #2025010744
Disclaimer: IDX information is provided exclusively for consumers personal, noncommercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing data is deemed reliable but is not guaranteed accurate by the SIRA MLS.