8170 E State Road 16Twelve MileIN46988
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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 Twelve Mile at 8170 E State Road 16, Twelve Mile, IN, 46988 generates $1,258/mo in rent and, after a $700/mo payment, leaves $400/mo in cash flow. Total monthly income is $1,258/mo, and annual cash flow is $4,794/yr on $47,405 invested. Return on cash invested sits at 30.02% in year one, and rental yield is 10.56% on a $143,000 entry. Equity gained on principal adds $923/yr, while 5% annual appreciation builds toward $39,508 over five years. Five-year ROI reaches 156.91% and total cumulative return in cash sums $74,380. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,258/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46988, Twelve Mile, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 359 (100%) |
| Owner Occupied HU | 281 (78.3%) |
| Renter Occupied HU | 51 (14.2%) |
| Vacant Housing Units | 27 ( 7.5%) |
| Median Home Value | $221,491 |
| Average Home Value | $266,486 |
Housing Distribution
Address Breakdown
Residential
279
Single Family
279
Multi-Family
0
Businesses
12
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Listed by: Bailey Record • Modern Real Estate
Mls Name: IRMLS
Mls ID: #202601308