723 S Deer RunEllettsvilleIN47429
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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 723 S Deer Run, Ellettsville, IN, 47429 offers $2,767/mo rent that, after a $1,468/mo payment, leaves $967/mo cash flow. Total monthly income is $2,767/mo, and annual cash flow is $11,598/yr on $99,450 cash. Return on cash invested measures 31.57% in year one, and rental yield stands at 11.07% at a $300,000 entry. Equity gained on principal adds $1,936/yr while 5% annual appreciation compounds into $82,884 by year five. Five-year ROI records 165.15% and total cumulative return in cash reaches $164,244. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,767/mo property income versus a $1,468/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1993
0.62 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: Trish Sterling • Sterling Real Estate
Mls Name: IRMLS
Mls ID: #202535820