742 Texas PikeSpencerIN47460
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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 Spencer at 742 Texas Pike, Spencer, IN, 47460 with 5% annual appreciation on a $202,400 basis while $1,376/mo rent supports operations. Total monthly income totals $1,376/mo and a $991/mo payment preserves $161/mo for cash returns. Annual cash flow comes to $1,928/yr on $67,096 deployed, and return on cash invested reaches 22.78% in year one. Equity gained on principal adds $1,306/yr, and five-year appreciation sums $55,919 alongside rental yield of 8.16%. Five-year ROI measures 118.03% and total cumulative return in cash totals $79,193.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,376/mo property income versus a $991/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 1999
0.87 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47460, Spencer, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,190 (100%) |
| Owner Occupied HU | 3,784 (72.9%) |
| Renter Occupied HU | 949 (18.3%) |
| Vacant Housing Units | 457 ( 8.8%) |
| Median Home Value | $187,057 |
| Average Home Value | $214,772 |
Housing Distribution
Address Breakdown
Residential
4,901
Single Family
4,899
Multi-Family
2
Businesses
417
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