7013 N State Road 25LucerneIN46950
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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 Lucerne at 7013 N State Road 25, Lucerne, IN, 46950 generates $2,143/mo in rent and, after a $1,077/mo payment, leaves $822/mo in cash flow. Total monthly income is $2,143/mo, and annual cash flow is $9,866/yr on $72,930 invested. Return on cash invested sits at 33.44% in year one, and rental yield is 11.69% on a $220,000 entry. Equity gained on principal adds $1,420/yr, while 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 175.2% and total cumulative return in cash sums $127,775. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,143/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
1.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46950, Lucerne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 273 (100%) |
| Owner Occupied HU | 208 (76.2%) |
| Renter Occupied HU | 31 (11.4%) |
| Vacant Housing Units | 34 (12.5%) |
| Median Home Value | $191,346 |
| Average Home Value | $207,873 |
Housing Distribution
Address Breakdown
Residential
240
Single Family
240
Multi-Family
0
Businesses
7
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Listed by: Jordan R Moran • Modern Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202532160
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.