803 Armory RdDelphiIN46923
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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 Delphi at 803 Armory Rd, Delphi, IN, 46923 listed at $210,000 pairs $1,451/mo rent with a $1,028/mo payment to leave $190/mo cash flow. Total monthly income runs $1,451/mo, and annual cash flow reaches $2,283/yr on $69,615 cash to close. Return on cash invested measures 23.19% in year one, and rental yield registers 8.29% at a $210,000 basis. Equity gained on principal adds $1,355/yr, and annual property appreciation at 5% supports $58,019 by year five. Five-year ROI tracks 120.24% and total cumulative return in cash totals $83,704. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,451/mo property income relative to a $1,028/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1978
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46923, Delphi, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,476 (100%) |
| Owner Occupied HU | 2,521 (72.5%) |
| Renter Occupied HU | 683 (19.6%) |
| Vacant Housing Units | 272 ( 7.8%) |
| Median Home Value | $171,232 |
| Average Home Value | $207,676 |
Housing Distribution
Address Breakdown
Residential
3,286
Single Family
3,248
Multi-Family
38
Businesses
307
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Listed by: Joan Abbott • Joan Abbott Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202526399
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.