8427 N Piqua RdDecaturIN46733
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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 Decatur at 8427 N Piqua Rd, Decatur, IN, 46733 uses $42,764 cash to close to unlock $3,084/yr annual cash flow and $257/mo monthly cash flow. Total monthly income runs $1,031/mo, and a $631/mo payment keeps the spread at $257/mo. Purchase price stands at $129,000, and rental yield measures 9.59% with $1,031/mo rent. Return on cash invested shows 27.12% in year one, and 5% annual appreciation builds toward $35,640 over five years. Five-year ROI reaches 141.37% and total cumulative return in cash records $60,457. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,031/mo property income covering a $631/mo payment rather than investor’s personal income.
Single Family
Built in 1920
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46733, Decatur, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,091 (100%) |
| Owner Occupied HU | 5,906 (73.0%) |
| Renter Occupied HU | 1,700 (21.0%) |
| Vacant Housing Units | 485 ( 6.0%) |
| Median Home Value | $216,630 |
| Average Home Value | $273,796 |
Housing Distribution
Address Breakdown
Residential
7,603
Single Family
7,462
Multi-Family
141
Businesses
584
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