731 S June DrCromwellIN46732
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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 Cromwell at 731 S June Dr, Cromwell, IN, 46732 priced at $234,000 converts $1,562/mo rent into $158/mo cash flow after a $1,145/mo obligation. Total monthly income equals $1,562/mo, and annual cash flow totals $1,892/yr on $77,571 invested. Return on cash invested prints 22.35% in year one, and rental yield reads 8.01% against a $234,000 entry. Equity gained on principal adds $1,510/yr, while 5% annual appreciation compiles into $64,650 by year five. Five-year ROI reaches 115.69% and total cumulative return in cash sums $89,739. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,562/mo property income covering a $1,145/mo payment, not borrower’s personal income.
Single Family
Built in 1950
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46732, Cromwell, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,362 (100%) |
| Owner Occupied HU | 828 (60.8%) |
| Renter Occupied HU | 313 (23.0%) |
| Vacant Housing Units | 221 (16.2%) |
| Median Home Value | $197,222 |
| Average Home Value | $259,263 |
Housing Distribution
Address Breakdown
Residential
1,098
Single Family
1,098
Multi-Family
0
Businesses
49
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Listed by: Melinda Scaggs • Legacy Group Real Estate LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202520011
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.