7088 Phillips RdTennysonIN47637
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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 Tennyson at 7088 Phillips Rd, Tennyson, IN, 47637 uses $38,123 cash to close to unlock $4,530/yr annual cash flow and $378/mo monthly cash flow. Total monthly income runs $1,068/mo, and a $563/mo payment keeps the spread at $378/mo. Purchase price stands at $115,000, and rental yield measures 11.14% with $1,068/mo rent. Return on cash invested shows 31.79% in year one, and 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 166.38% and total cumulative return in cash records $63,429. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,068/mo property income covering a $563/mo payment rather than investor’s personal income.
Lot
Built in N/A
7.17 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47637, Tennyson, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 590 (100%) |
| Owner Occupied HU | 461 (78.1%) |
| Renter Occupied HU | 72 (12.2%) |
| Vacant Housing Units | 57 ( 9.7%) |
| Median Home Value | $239,912 |
| Average Home Value | $269,517 |
Housing Distribution
Address Breakdown
Residential
574
Single Family
574
Multi-Family
0
Businesses
16
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Listed by: Melanie Quates • ERA FIRST ADVANTAGE REALTY, INC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202408531
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.