801 Ohio StConverseIN46919
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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 Converse at 801 Ohio St, Converse, IN, 46919 with 5% annual appreciation on a $287,976 basis while $1,967/mo rent supports operations. Total monthly income totals $1,967/mo and a $1,410/mo payment preserves $231/mo for cash returns. Annual cash flow comes to $2,769/yr on $95,464 deployed, and return on cash invested reaches 22.81% in year one. Equity gained on principal adds $1,858/yr, and five-year appreciation sums $79,562 alongside rental yield of 8.2%. Five-year ROI measures 118.19% and total cumulative return in cash totals $112,829.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,967/mo property income versus a $1,410/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2023
9,583 sqft lot
$N/A/sqft
$97 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46919, Converse, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 961 (100%) |
| Owner Occupied HU | 676 (70.3%) |
| Renter Occupied HU | 185 (19.3%) |
| Vacant Housing Units | 100 (10.4%) |
| Median Home Value | $196,330 |
| Average Home Value | $273,295 |
Housing Distribution
Address Breakdown
Residential
577
Single Family
531
Multi-Family
46
Businesses
42
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Listed by: Brenda K Williams • CENTURY 21 Bradley Realty, Inc
Mls Name: IRMLS
Mls Provider:
Mls ID: #202307254
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.