8240 S 700 WWestpointIN47992
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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 Westpoint at 8240 S 700 W, Westpoint, IN, 47992 uses $158,789 cash to close to unlock $3,601/yr annual cash flow and $300/mo monthly cash flow. Total monthly income runs $3,175/mo, and a $2,344/mo payment keeps the spread at $300/mo. Purchase price stands at $479,000, and rental yield measures 7.95% with $3,175/mo rent. Return on cash invested shows 22.18% in year one, and 5% annual appreciation builds toward $132,339 over five years. Five-year ROI reaches 114.77% and total cumulative return in cash records $182,247. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,175/mo property income covering a $2,344/mo payment rather than investor’s personal income.
Single Family
Built in 2021
2.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47992, Westpoint, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 615 (100%) |
| Owner Occupied HU | 527 (85.7%) |
| Renter Occupied HU | 52 ( 8.5%) |
| Vacant Housing Units | 36 ( 5.9%) |
| Median Home Value | $317,619 |
| Average Home Value | $537,571 |
Housing Distribution
Address Breakdown
Residential
502
Single Family
502
Multi-Family
0
Businesses
17
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Listed by: Dustin Robinson • Lafayette Listing Realty LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202436238
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.