842 Fairview StWestvilleIN46391
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Westville at 842 Fairview St, Westville, IN, 46391 offers a 11.56% rental yield on a $165,000 purchase with $1,589/mo rent. Total monthly income registers $1,589/mo, and a $808/mo payment leaves $598/mo available for distribution. Annual cash flow reaches $7,177/yr on $54,698 to close, and return on cash invested stands at 33.03% in year one. Equity gained on principal adds $1,065/yr while 5% annual appreciation supports $45,586 over five years. Portfolio math shows five-year ROI at 173.05% and total cumulative return in cash at $94,655. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,589/mo property income against a $808/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
7,927 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46391, Westville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,666 (100%) |
| Owner Occupied HU | 2,138 (80.2%) |
| Renter Occupied HU | 320 (12.0%) |
| Vacant Housing Units | 208 ( 7.8%) |
| Median Home Value | $282,919 |
| Average Home Value | $313,773 |
Housing Distribution
Address Breakdown
Residential
2,427
Single Family
2,197
Multi-Family
230
Businesses
109
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices