8060 W 900 SFairmountIN46928
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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
Rental property for sale in Fairmount at 8060 W 900 S, Fairmount, IN, 46928 generates $997/mo in rent and, after a $622/mo payment, leaves $234/mo in cash flow. Total monthly income is $997/mo, and annual cash flow is $2,811/yr on $42,101 invested. Return on cash invested sits at 26.59% in year one, and rental yield is 9.42% on a $127,000 entry. Equity gained on principal adds $820/yr, while 5% annual appreciation builds toward $35,088 over five years. Five-year ROI reaches 138.49% and total cumulative return in cash sums $58,305. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $997/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46928, Fairmount, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,077 (100%) |
| Owner Occupied HU | 1,510 (72.7%) |
| Renter Occupied HU | 394 (19.0%) |
| Vacant Housing Units | 173 ( 8.3%) |
| Median Home Value | $142,808 |
| Average Home Value | $185,599 |
Housing Distribution
Address Breakdown
Residential
1,998
Single Family
1,960
Multi-Family
38
Businesses
120
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