813 E New York StSummitvilleIN46070
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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 Summitville at 813 E New York St, Summitville, IN, 46070 priced at $125,000 converts $986/mo rent into $235/mo cash flow after a $612/mo obligation. Total monthly income equals $986/mo, and annual cash flow totals $2,826/yr on $41,438 invested. Return on cash invested prints 26.73% in year one, and rental yield reads 9.47% against a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation compiles into $34,535 by year five. Five-year ROI reaches 139.22% and total cumulative return in cash sums $57,689. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $986/mo property income covering a $612/mo payment, not borrower’s personal income.
Single Family
Built in 1940
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46070, Summitville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 985 (100%) |
| Owner Occupied HU | 764 (77.6%) |
| Renter Occupied HU | 147 (14.9%) |
| Vacant Housing Units | 74 ( 7.5%) |
| Median Home Value | $195,982 |
| Average Home Value | $197,592 |
Housing Distribution
Address Breakdown
Residential
722
Single Family
722
Multi-Family
0
Businesses
24
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Listed by: Kayla Poling • F.C. Tucker Realty Center
Mls Name: IRMLS
Mls Provider:
Mls ID: #202438806
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.