711 Church StGrandviewIN47615
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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 Grandview at 711 Church St, Grandview, IN, 47615 priced at $104,475 converts $788/mo rent into $161/mo cash flow after a $511/mo obligation. Total monthly income equals $788/mo, and annual cash flow totals $1,935/yr on $34,633 invested. Return on cash invested prints 25.49% in year one, and rental yield reads 9.05% against a $104,475 entry. Equity gained on principal adds $674/yr, while 5% annual appreciation compiles into $28,865 by year five. Five-year ROI reaches 132.68% and total cumulative return in cash sums $45,953. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $788/mo property income covering a $511/mo payment, not borrower’s personal income.
Manufactured
Built in 2009
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47615, Grandview, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 657 (100%) |
| Owner Occupied HU | 494 (75.2%) |
| Renter Occupied HU | 98 (14.9%) |
| Vacant Housing Units | 65 ( 9.9%) |
| Median Home Value | $215,351 |
| Average Home Value | $249,423 |
Housing Distribution
Address Breakdown
Residential
602
Single Family
602
Multi-Family
0
Businesses
19
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