7090 Drewersburg RdCedar GroveIN47016
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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 Cedar Grove at 7090 Drewersburg Rd, Cedar Grove, IN, 47016 offers a 5.88% rental yield on a $379,900 purchase with $1,862/mo rent. 93% in year one. Equity gained on principal adds $2,451/yr while 5% annual appreciation supports $104,959 over five years. Portfolio math shows five-year ROI at 81.23% and total cumulative return in cash at $102,293. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,862/mo property income against a $1,859/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1859
1.21 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47016, Cedar Grove, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 400 (100%) |
| Owner Occupied HU | 284 (71.0%) |
| Renter Occupied HU | 72 (18.0%) |
| Vacant Housing Units | 44 (11.0%) |
| Median Home Value | $301,389 |
| Average Home Value | $348,169 |
Housing Distribution
Address Breakdown
Residential
341
Single Family
341
Multi-Family
0
Businesses
17
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Listed by: Todd Bischoff • Bischoff Realty
Mls Name: SEIBR
Mls ID: #205505