7014 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 7014 State Road 1, Spencerville, IN, 46788 uses $61,328 cash to close to unlock $4,248/yr annual cash flow and $354/mo monthly cash flow. Total monthly income runs $1,464/mo, and a $905/mo payment keeps the spread at $354/mo. Purchase price stands at $185,000, and rental yield measures 9.5% with $1,464/mo rent. Return on cash invested shows 26.83% in year one, and 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 139.71% and total cumulative return in cash records $85,683. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,464/mo property income covering a $905/mo payment rather than investor’s personal income.
Single Family
Built in 1956
0.30 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: Tsasha Hernandez • Century 21 Bradley Realty, Inc
Mls Name: IRMLS
Mls ID: #202547339