809 Red Robin DrNorth LibertyIN46554
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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 North Liberty at 809 Red Robin Dr, North Liberty, IN, 46554 priced at $369,900 pairs $3,242/mo rent with $1,022/mo cash flow after a $1,810/mo payment. Total monthly income equals $3,242/mo, and annual cash flow comes to $12,264/yr on $122,622 invested. Return on cash invested is 29.91% in year one, and rental yield stands at 10.52% on a $369,900 basis. Equity gained on principal adds $2,387/yr, and 5% annual appreciation accumulates to $102,197 by year five. Five-year ROI measures 156.25% and total cumulative return in cash reaches $191,602. For financing, Ziffy Mortgage’s DSCR program evaluates $3,242/mo property income against a $1,810/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2023
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46554, North Liberty, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,789 (100%) |
| Owner Occupied HU | 1,418 (79.3%) |
| Renter Occupied HU | 269 (15.0%) |
| Vacant Housing Units | 102 ( 5.7%) |
| Median Home Value | $254,967 |
| Average Home Value | $298,828 |
Housing Distribution
Address Breakdown
Residential
1,334
Single Family
1,334
Multi-Family
0
Businesses
89
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Listed by: Tim D McKinnies • McKinnies Realty, LLC
Mls Name: IRMLS
Mls ID: #202538918