8119 Grace StHighlandIN46322
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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 Highland at 8119 Grace St, Highland, IN, 46322 uses $104,389 cash to close to unlock $6,624/yr annual cash flow and $552/mo monthly cash flow. Total monthly income runs $2,442/mo, and a $1,541/mo payment keeps the spread at $552/mo. Purchase price stands at $314,900, and rental yield measures 9.31% with $2,442/mo rent. Return on cash invested shows 26.25% in year one, and 5% annual appreciation builds toward $87,001 over five years. Five-year ROI reaches 136.6% and total cumulative return in cash records $142,594. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,442/mo property income covering a $1,541/mo payment rather than investor’s personal income.
Single Family
Built in 1961
7,244 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46322, Highland, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,588 (100%) |
| Owner Occupied HU | 7,922 (74.8%) |
| Renter Occupied HU | 2,280 (21.5%) |
| Vacant Housing Units | 386 ( 3.6%) |
| Median Home Value | $243,747 |
| Average Home Value | $271,248 |
Housing Distribution
Address Breakdown
Residential
10,380
Single Family
8,500
Multi-Family
1,880
Businesses
918
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