707 W Shepherds LnSanta ClausIN47579
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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 Santa Claus at 707 W Shepherds Ln, Santa Claus, IN, 47579 offers $2,621/mo rent that, after a $8,073/mo payment. Total monthly income is $2,621/mo. Return on cash invested measures 3.83% in year one, and rental yield stands at 1.91% at a $1,649,500 entry. Equity gained on principal adds $10,644/yr while 5% annual appreciation compounds into $455,726 by year five. Five-year ROI records 16.34% and total cumulative return in cash reaches $87,328. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,621/mo property income versus a $8,073/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1988
1 Acres lot
$N/A/sqft
$1,030 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47579, Santa Claus, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,237 (100%) |
| Owner Occupied HU | 1,022 (82.6%) |
| Renter Occupied HU | 105 ( 8.5%) |
| Vacant Housing Units | 110 ( 8.9%) |
| Median Home Value | $257,373 |
| Average Home Value | $291,761 |
Housing Distribution
Address Breakdown
Residential
1,048
Single Family
1,048
Multi-Family
0
Businesses
86
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Listed by: Kara Hinshaw • Key Associates Signature Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202534323
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.