751 S Summit StFrench LickIN47432
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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 French Lick at 751 S Summit St, French Lick, IN, 47432 with 5% annual appreciation on a $246,500 basis while $1,806/mo rent supports operations. Total monthly income totals $1,806/mo and a $1,206/mo payment preserves $240/mo for cash returns. Annual cash flow comes to $2,879/yr on $81,715 deployed, and return on cash invested reaches 23.43% in year one. Equity gained on principal adds $1,591/yr, and five-year appreciation sums $68,103 alongside rental yield of 8.79%. Five-year ROI measures 121.94% and total cumulative return in cash totals $99,639.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,806/mo property income versus a $1,206/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1967
1.86 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47432, French Lick, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,152 (100%) |
| Owner Occupied HU | 1,401 (65.1%) |
| Renter Occupied HU | 481 (22.4%) |
| Vacant Housing Units | 270 (12.5%) |
| Median Home Value | $171,228 |
| Average Home Value | $188,499 |
Housing Distribution
Address Breakdown
Residential
1,950
Single Family
1,872
Multi-Family
78
Businesses
142
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