7465 E State Road 16Twelve MileIN46988
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Twelve Mile at 7465 E State Road 16, Twelve Mile, IN, 46988 listed at $135,000 pairs $1,231/mo rent with a $661/mo payment to leave $420/mo cash flow. Total monthly income runs $1,231/mo, and annual cash flow reaches $5,044/yr on $44,753 cash to close. Return on cash invested measures 31.18% in year one, and rental yield registers 10.94% at a $135,000 basis. Equity gained on principal adds $871/yr, and annual property appreciation at 5% supports $37,298 by year five. Five-year ROI tracks 163.14% and total cumulative return in cash totals $73,009. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,231/mo property income relative to a $661/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1926
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46988, Twelve Mile, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 359 (100%) |
| Owner Occupied HU | 281 (78.3%) |
| Renter Occupied HU | 51 (14.2%) |
| Vacant Housing Units | 27 ( 7.5%) |
| Median Home Value | $221,491 |
| Average Home Value | $266,486 |
Housing Distribution
Address Breakdown
Residential
279
Single Family
279
Multi-Family
0
Businesses
12
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Listed by: Gwen Hornstein • Rochester Realty, LLC
Mls Name: IRMLS
Mls ID: #202547825