824 S Main StBrownstownIN47220
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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 Brownstown at 824 S Main St, Brownstown, IN, 47220 with 5% annual appreciation on a $232,000 basis while $2,170/mo rent supports operations. Total monthly income totals $2,170/mo and a $1,136/mo payment preserves $777/mo for cash returns. Annual cash flow comes to $9,322/yr on $76,908 deployed, and return on cash invested reaches 32.03% in year one. Equity gained on principal adds $1,497/yr, and five-year appreciation sums $64,097 alongside rental yield of 11.22%. Five-year ROI measures 167.61% and total cumulative return in cash totals $128,903.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,170/mo property income versus a $1,136/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1954
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47220, Brownstown, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,330 (100%) |
| Owner Occupied HU | 1,642 (70.5%) |
| Renter Occupied HU | 520 (22.3%) |
| Vacant Housing Units | 168 ( 7.2%) |
| Median Home Value | $207,143 |
| Average Home Value | $257,322 |
Housing Distribution
Address Breakdown
Residential
2,285
Single Family
2,261
Multi-Family
24
Businesses
210
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Listed by: Roger Wessel • Berkshire Hathaway Home
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22077866