7188 W Gilliatt Grove, Eckerty, IN, 47116 | 5.76% Rental Yield

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7188 W Gilliatt Grove, Eckerty, IN, 47116 | 5.76% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Eckerty at 7188 W Gilliatt Grove, Eckerty, IN, 47116 priced at $229,900 pairs $1,104/mo rent with after a $1,125/mo payment. Total monthly income equals $1,104/mo. Return on cash invested is 15.57% in year one, and rental yield stands at 5.76% on a $229,900 basis. Equity gained on principal adds $1,484/yr, and 5% annual appreciation accumulates to $63,517 by year five. Five-year ROI measures 79.37% and total cumulative return in cash reaches $60,491. For financing, Ziffy Mortgage’s DSCR program evaluates $1,104/mo property income against a $1,125/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1990

0.46 Acres lot

$N/A/sqft

No HOA

More details about the property

LOCATION, LOCATION, LOCATION!!! PATOKA LAKE!!! COMPLETE RENOVATION!!! This is what everyone is looking for!!! This lovely turnkey property features a vinyl siding exterior, 1,296 Sq. Ft. of living space, including 3 bedrooms, 2 bathrooms, eat in kitchen, tile master bath, and a 2 car detached garage. Brand new HVAC, $8,000.00 value. All furniture is included in the sale. This property is unique in that it has lake access and a large well manicured yard. Upon entering the home you will see the living room, cozy and inviting. Enjoy the outside area with an enclosed screen porch with plenty of wildlife. The detached carport is 22 x 40 which is perfect for your boat and guest parking. If you are looking for quiet, peaceful country living with Patoka Lake just a short distance away, you have found your dream home!!!

Neighborhood Data

Neighborhood data shown for ZIP Code: 47116, Eckerty, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	625 (100%)
Owner Occupied HU	327 (52.3%)
Renter Occupied HU	61 ( 9.8%)
Vacant Housing Units	237 (37.9%)
Median Home Value	$118,929
Average Home Value	$146,361