8234 E County Road 175 SVelpenIN47590
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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 Velpen at 8234 E County Road 175 S, Velpen, IN, 47590 generates $1,079/mo in rent, after a $2,007/mo payment. Total monthly income is $1,079/mo. Return on cash invested sits at 7.7% in year one, and rental yield is 3.16% on a $410,000 entry. Equity gained on principal adds $2,646/yr, while 5% annual appreciation builds toward $113,275 over five years. Five-year ROI reaches 37.15% and total cumulative return in cash sums $50,495. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,079/mo property income rather than buyer’s personal income.
Single Family
Built in 2015
2.07 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47590, Velpen, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 272 (100%) |
| Owner Occupied HU | 216 (79.4%) |
| Renter Occupied HU | 28 (10.3%) |
| Vacant Housing Units | 28 (10.3%) |
| Median Home Value | $234,091 |
| Average Home Value | $234,479 |
Housing Distribution
Address Breakdown
Residential
300
Single Family
300
Multi-Family
0
Businesses
5
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