791 N Main StAndrewsIN46702
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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 Andrews at 791 N Main St, Andrews, IN, 46702 uses $39,747 cash to close to unlock $4,009/yr annual cash flow and $334/mo monthly cash flow. Total monthly income runs $1,054/mo, and a $587/mo payment keeps the spread at $334/mo. Purchase price stands at $119,900, and rental yield measures 10.55% with $1,054/mo rent. Return on cash invested shows 30% in year one, and 5% annual appreciation builds toward $33,126 over five years. Five-year ROI reaches 156.81% and total cumulative return in cash records $62,328. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,054/mo property income covering a $587/mo payment rather than investor’s personal income.
Single Family
Built in 1944
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46702, Andrews, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 956 (100%) |
| Owner Occupied HU | 708 (74.1%) |
| Renter Occupied HU | 139 (14.5%) |
| Vacant Housing Units | 109 (11.4%) |
| Median Home Value | $245,000 |
| Average Home Value | $276,691 |
Housing Distribution
Address Breakdown
Residential
788
Single Family
763
Multi-Family
25
Businesses
35
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Listed by: Laura Kinner • RE/MAX Results
Mls Name: IRMLS
Mls Provider:
Mls ID: #202544090
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.