83 Graves Addition RdSpringvilleIN47462
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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 Springville at 83 Graves Addition Rd, Springville, IN, 47462 at $179,000 posts ROI 31.95% with $596/mo cash flow from $1,670/mo rent. Total monthly income equals $1,670/mo, and annual cash flow records $7,147/yr on $59,339 to close. Return on cash invested measures 31.95% and rental yield reads 11.2% at the current $179,000. Equity gained on principal adds $1,155/yr, and 5% annual appreciation supports $49,454 by year five. Five-year ROI prints 167.21% and total cumulative return in cash totals $99,219.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,670/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1970
0.91 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47462, Springville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,250 (100%) |
| Owner Occupied HU | 1,864 (82.8%) |
| Renter Occupied HU | 230 (10.2%) |
| Vacant Housing Units | 156 ( 6.9%) |
| Median Home Value | $254,428 |
| Average Home Value | $300,248 |
Housing Distribution
Address Breakdown
Residential
2,018
Single Family
2,018
Multi-Family
0
Businesses
47
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Listed by: Kathryn Blackwell • The Real Estate Co.
Mls Name: IRMLS
Mls ID: #202530952