7259 N Us Highway 27RidgevilleIN47380
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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
Investment property for sale in Ridgeville at 7259 N Us Highway 27, Ridgeville, IN, 47380 listed at $129,900 pairs $1,001/mo rent with a $636/mo payment to leave $221/mo cash flow. Total monthly income runs $1,001/mo, and annual cash flow reaches $2,652/yr on $43,062 cash to close. Return on cash invested measures 26.07% in year one, and rental yield registers 9.25% at a $129,900 basis. Equity gained on principal adds $838/yr, and annual property appreciation at 5% supports $35,889 by year five. Five-year ROI tracks 135.76% and total cumulative return in cash totals $58,459. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,001/mo property income relative to a $636/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1958
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47380, Ridgeville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 845 (100%) |
| Owner Occupied HU | 616 (72.9%) |
| Renter Occupied HU | 134 (15.9%) |
| Vacant Housing Units | 95 (11.2%) |
| Median Home Value | $121,023 |
| Average Home Value | $181,416 |
Housing Distribution
Address Breakdown
Residential
812
Single Family
812
Multi-Family
0
Businesses
33
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Listed by: Jairo Correa • RE/MAX Evolve
Mls Name: IRMLS
Mls Provider:
Mls ID: #202421533
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.