7215 W Mustang DrEllettsvilleIN47429
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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 Ellettsville at 7215 W Mustang Dr, Ellettsville, IN, 47429 priced at $357,000 converts $2,531/mo rent into $133/mo cash flow after a $1,747/mo obligation. Total monthly income equals $2,531/mo, and annual cash flow totals $1,597/yr on $118,346 invested. Return on cash invested prints 21.26% in year one, and rental yield reads 8.51% against a $357,000 entry. Equity gained on principal adds $2,304/yr, while 5% annual appreciation compiles into $98,633 by year five. Five-year ROI reaches 110.8% and total cumulative return in cash sums $131,128. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,531/mo property income covering a $1,747/mo payment, not borrower’s personal income.
Single Family
Built in 2020
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47429, Ellettsville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,306 (100%) |
| Owner Occupied HU | 2,560 (77.4%) |
| Renter Occupied HU | 615 (18.6%) |
| Vacant Housing Units | 131 ( 4.0%) |
| Median Home Value | $281,209 |
| Average Home Value | $306,251 |
Housing Distribution
Address Breakdown
Residential
3,359
Single Family
3,286
Multi-Family
73
Businesses
162
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Listed by: Lindsey Clark • Barberry Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202518318
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.