707 Elm DrCentervilleIN47330
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Centerville at 707 Elm Dr, Centerville, IN, 47330 priced at $162,900 converts $1,298/mo rent into $320/mo cash flow after a $797/mo obligation. Total monthly income equals $1,298/mo, and annual cash flow totals $3,845/yr on $54,001 invested. Return on cash invested prints 27.03% in year one, and rental yield reads 9.56% against a $162,900 entry. Equity gained on principal adds $1,051/yr, while 5% annual appreciation compiles into $45,006 by year five. Five-year ROI reaches 140.8% and total cumulative return in cash sums $76,032. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,298/mo property income covering a $797/mo payment, not borrower’s personal income.
Single Family
Built in 1971
9,170 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47330, Centerville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,348 (100%) |
| Owner Occupied HU | 1,704 (72.6%) |
| Renter Occupied HU | 443 (18.9%) |
| Vacant Housing Units | 201 ( 8.6%) |
| Median Home Value | $202,537 |
| Average Home Value | $240,484 |
Housing Distribution
Address Breakdown
Residential
2,334
Single Family
2,334
Multi-Family
0
Businesses
143
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Nearby investment properties with comparable prices
Listed by: Trish Smith • Better Homes and Gardens First Realty Group
Mls Name: RLMS
Mls ID: #10052346