818 Ferndale StPlymouthIN46563
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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 Plymouth at 818 Ferndale St, Plymouth, IN, 46563 priced at $190,000 converts $1,700/mo rent into $559/mo cash flow after a $930/mo obligation. Total monthly income equals $1,700/mo, and annual cash flow totals $6,713/yr on $62,985 invested. Return on cash invested prints 30.57% in year one, and rental yield reads 10.74% against a $190,000 entry. Equity gained on principal adds $1,226/yr, while 5% annual appreciation compiles into $52,494 by year five. Five-year ROI reaches 159.79% and total cumulative return in cash sums $100,644. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,700/mo property income covering a $930/mo payment, not borrower’s personal income.
Single Family
Built in 1950
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46563, Plymouth, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,990 (100%) |
| Owner Occupied HU | 6,786 (67.9%) |
| Renter Occupied HU | 2,320 (23.2%) |
| Vacant Housing Units | 884 ( 8.8%) |
| Median Home Value | $222,571 |
| Average Home Value | $253,754 |
Housing Distribution
Address Breakdown
Residential
9,452
Single Family
8,969
Multi-Family
483
Businesses
910
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Listed by: Brian Manning • Listing Leaders
Mls Name: IRMLS
Mls Provider:
Mls ID: #202524561
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.