746 Goodin DrAustinIN47102
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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 Austin at 746 Goodin Dr, Austin, IN, 47102 priced at $194,000 converts $1,800/mo rent into $635/mo cash flow after a $950/mo obligation. Total monthly income equals $1,800/mo, and annual cash flow totals $7,620/yr on $64,311 invested. Return on cash invested prints 31.76% in year one, and rental yield reads 11.13% against a $194,000 entry. Equity gained on principal adds $1,252/yr, while 5% annual appreciation compiles into $53,599 by year five. Five-year ROI reaches 166.14% and total cumulative return in cash sums $106,844. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,800/mo property income covering a $950/mo payment, not borrower’s personal income.
Single Family
Built in 2025
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47102, Austin, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,141 (100%) |
| Owner Occupied HU | 1,881 (59.9%) |
| Renter Occupied HU | 992 (31.6%) |
| Vacant Housing Units | 268 ( 8.5%) |
| Median Home Value | $160,398 |
| Average Home Value | $189,765 |
Housing Distribution
Address Breakdown
Residential
2,824
Single Family
2,824
Multi-Family
0
Businesses
121
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