809 Smith AveOoliticIN47451
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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 Oolitic at 809 Smith Ave, Oolitic, IN, 47451 earns $380/mo cash flow from $1,558/mo rent with a $930/mo payment. Total monthly income totals $1,558/mo, and annual cash flow totals $4,559/yr on $62,985 capital. ROI tracks 27.15% on current figures, and rental yield reads 9.84% at a $190,000 purchase. Equity gained on principal adds $1,226/yr, and 5% annual appreciation supports $52,494 over five years. Five-year ROI reaches 141.67% and total cumulative return in cash sums $89,232. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,558/mo property income instead of your personal income.
Single Family
Built in 1969
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47451, Oolitic, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 586 (100%) |
| Owner Occupied HU | 384 (65.5%) |
| Renter Occupied HU | 137 (23.4%) |
| Vacant Housing Units | 65 (11.1%) |
| Median Home Value | $165,833 |
| Average Home Value | $195,488 |
Housing Distribution
Address Breakdown
Residential
453
Single Family
453
Multi-Family
0
Businesses
35
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Listed by: Natasha Johns • Williams Carpenter Realtors
Mls Name: IRMLS
Mls Provider:
Mls ID: #202537304
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.