7571 Tapps Ridge RdVevayIN47043
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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 Vevay at 7571 Tapps Ridge Rd, Vevay, IN, 47043 uses $73,925 cash to close to unlock $1,018/yr annual cash flow and $85/mo monthly cash flow. Total monthly income runs $1,423/mo, and a $1,091/mo payment keeps the spread at $85/mo. Purchase price stands at $223,000, and rental yield measures 7.66% with $1,423/mo rent. Return on cash invested shows 21.29% in year one, and 5% annual appreciation builds toward $61,611 over five years. Five-year ROI reaches 109.98% and total cumulative return in cash records $81,305. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,423/mo property income covering a $1,091/mo payment rather than investor’s personal income.
Single Family
Built in 1976
1.15 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47043, Vevay, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,458 (100%) |
| Owner Occupied HU | 1,489 (60.6%) |
| Renter Occupied HU | 640 (26.0%) |
| Vacant Housing Units | 329 (13.4%) |
| Median Home Value | $227,024 |
| Average Home Value | $260,406 |
Housing Distribution
Address Breakdown
Residential
2,316
Single Family
2,218
Multi-Family
98
Businesses
163
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