7885 Black Chapel Rd SEElizabethIN47117
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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 Elizabeth at 7885 Black Chapel Rd SE, Elizabeth, IN, 47117 offers a 5.57% rental yield on a $495,000 purchase with $2,296/mo rent. 97% in year one. Equity gained on principal adds $3,194/yr while 5% annual appreciation supports $136,759 over five years. Portfolio math shows five-year ROI at 76.12% and total cumulative return in cash at $124,906. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,296/mo property income against a $2,423/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1984
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47117, Elizabeth, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,903 (100%) |
| Owner Occupied HU | 1,547 (81.3%) |
| Renter Occupied HU | 188 ( 9.9%) |
| Vacant Housing Units | 168 ( 8.8%) |
| Median Home Value | $235,074 |
| Average Home Value | $269,627 |
Housing Distribution
Address Breakdown
Residential
1,785
Single Family
1,785
Multi-Family
0
Businesses
42
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