7477 Honey Locust DrNinevehIN46164
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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 Nineveh at 7477 Honey Locust Dr, Nineveh, IN, 46164 priced at $509,900 converts $1,153/mo rent into after a $2,496/mo obligation. Total monthly income equals $1,153/mo. Return on cash invested prints 6.41% in year one, and rental yield reads 2.71% against a $509,900 entry. Equity gained on principal adds $3,290/yr, while 5% annual appreciation compiles into $140,876 by year five. Five-year ROI reaches 30.17% and total cumulative return in cash sums $50,612. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,153/mo property income covering a $2,496/mo payment, not borrower’s personal income.
Single Family
Built in 1961
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46164, Nineveh, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,691 (100%) |
| Owner Occupied HU | 1,648 (61.2%) |
| Renter Occupied HU | 150 ( 5.6%) |
| Vacant Housing Units | 893 (33.2%) |
| Median Home Value | $327,011 |
| Average Home Value | $368,879 |
Housing Distribution
Address Breakdown
Residential
2,297
Single Family
2,297
Multi-Family
0
Businesses
68
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