8444 N Red Hill RdEllettsvilleIN47429
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 Ellettsville at 8444 N Red Hill Rd, Ellettsville, IN, 47429 earns $162/mo cash flow from $3,302/mo rent with a $2,560/mo payment. Total monthly income totals $3,302/mo, and annual cash flow totals $1,948/yr on $172,067 capital. ROI tracks 21.19% on current figures, and rental yield reads 7.58% at a $523,000 purchase. Equity gained on principal adds $3,375/yr, and 5% annual appreciation supports $144,495 over five years. Five-year ROI reaches 109.46% and total cumulative return in cash sums $188,345. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,302/mo property income instead of your personal income.
Manufactured
Built in 2005
7.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47429, Ellettsville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,306 (100%) |
| Owner Occupied HU | 2,560 (77.4%) |
| Renter Occupied HU | 615 (18.6%) |
| Vacant Housing Units | 131 ( 4.0%) |
| Median Home Value | $281,209 |
| Average Home Value | $306,251 |
Housing Distribution
Address Breakdown
Residential
3,359
Single Family
3,286
Multi-Family
73
Businesses
162
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Listed by: Mironda Carpenter • Infinity Realty Solutions
Mls Name: IRMLS
Mls ID: #202549900