816 Northfield DrLebanonIN46052
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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 Lebanon at 816 Northfield Dr, Lebanon, IN, 46052 priced at $259,000 converts $2,202/mo rent into $647/mo cash flow after a $1,268/mo obligation. Total monthly income equals $2,202/mo, and annual cash flow totals $7,763/yr on $85,859 invested. Return on cash invested prints 28.95% in year one, and rental yield reads 10.2% against a $259,000 entry. Equity gained on principal adds $1,671/yr, while 5% annual appreciation compiles into $71,557 by year five. Five-year ROI reaches 151.08% and total cumulative return in cash sums $129,712. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,202/mo property income covering a $1,268/mo payment, not borrower’s personal income.
Single Family
Built in 1958
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46052, Lebanon, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,620 (100%) |
| Owner Occupied HU | 7,092 (66.8%) |
| Renter Occupied HU | 2,845 (26.8%) |
| Vacant Housing Units | 683 ( 6.4%) |
| Median Home Value | $249,031 |
| Average Home Value | $321,785 |
Housing Distribution
Address Breakdown
Residential
10,065
Single Family
9,322
Multi-Family
743
Businesses
800
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