721 S 8th StBoonvilleIN47601
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Boonville at 721 S 8th St, Boonville, IN, 47601 uses $66,300 cash to close to unlock $1,696/yr annual cash flow and $141/mo monthly cash flow. Total monthly income runs $1,342/mo, and a $979/mo payment keeps the spread at $141/mo. Purchase price stands at $200,000, and rental yield measures 8.05% with $1,342/mo rent. Return on cash invested shows 22.47% in year one, and 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 116.37% and total cumulative return in cash records $77,156. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,342/mo property income covering a $979/mo payment rather than investor’s personal income.
Multi Family
Built in 1983
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47601, Boonville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,063 (100%) |
| Owner Occupied HU | 4,644 (76.6%) |
| Renter Occupied HU | 1,004 (16.6%) |
| Vacant Housing Units | 415 ( 6.8%) |
| Median Home Value | $231,570 |
| Average Home Value | $282,098 |
Housing Distribution
Address Breakdown
Residential
5,853
Single Family
5,666
Multi-Family
187
Businesses
417
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices