816 E South StEatonIN47338
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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 Eaton at 816 E South St, Eaton, IN, 47338 earns $443/mo cash flow from $1,337/mo rent with a $729/mo payment. Total monthly income totals $1,337/mo, and annual cash flow totals $5,314/yr on $49,394 capital. ROI tracks 30.67% on current figures, and rental yield reads 10.77% at a $149,000 purchase. Equity gained on principal adds $961/yr, and 5% annual appreciation supports $41,166 over five years. Five-year ROI reaches 160.28% and total cumulative return in cash sums $79,168. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,337/mo property income instead of your personal income.
Manufactured
Built in 1992
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47338, Eaton, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,199 (100%) |
| Owner Occupied HU | 864 (72.1%) |
| Renter Occupied HU | 179 (14.9%) |
| Vacant Housing Units | 156 (13.0%) |
| Median Home Value | $153,500 |
| Average Home Value | $187,891 |
Housing Distribution
Address Breakdown
Residential
904
Single Family
904
Multi-Family
0
Businesses
49
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Listed by: James Meredith • NextHome Elite Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202523363
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.