7601 S 700 WMorgantownIN46160
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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
Total monthly income runs $930/mo, and a $8,321/mo payment. Purchase price stands at $1,700,000, and rental yield measures 0.66% with $930/mo rent. Return on cash invested shows 0.16% in year one, and 5% annual appreciation builds toward $469,679 over five years. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $930/mo property income covering a $8,321/mo payment rather than investor’s personal income.
Single Family
Built in 1950
33.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46160, Morgantown, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,890 (100%) |
| Owner Occupied HU | 2,204 (76.3%) |
| Renter Occupied HU | 377 (13.0%) |
| Vacant Housing Units | 309 (10.7%) |
| Median Home Value | $254,857 |
| Average Home Value | $319,090 |
Housing Distribution
Address Breakdown
Residential
2,618
Single Family
2,618
Multi-Family
0
Businesses
119
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Listed by: Katy Zirkelbach • Keller Williams Indy Metro S
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #21996451