7422 S 575 WMorgantownIN46160
Nearby investment properties with comparable rents
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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 Morgantown at 7422 S 575 W, Morgantown, IN, 46160 earns from $2,382/mo rent with a $4,258/mo payment. Total monthly income totals $2,382/mo. ROI tracks 8.15% on current figures, and rental yield reads 3.29% at a $869,900 purchase. Equity gained on principal adds $5,613/yr, and 5% annual appreciation supports $240,337 over five years. Five-year ROI reaches 39.51% and total cumulative return in cash sums $113,069. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,382/mo property income instead of your personal income.
Single Family
Built in 1997
1.05 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46160, Morgantown, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,890 (100%) |
| Owner Occupied HU | 2,204 (76.3%) |
| Renter Occupied HU | 377 (13.0%) |
| Vacant Housing Units | 309 (10.7%) |
| Median Home Value | $254,857 |
| Average Home Value | $319,090 |
Housing Distribution
Address Breakdown
Residential
2,618
Single Family
2,618
Multi-Family
0
Businesses
119
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Listed by: Eric Eisenmenger • Trusted Realty Partners of Ind
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22049704