845 N Borcherding RoadMadisonIN47250
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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
Rental property for sale in Madison at 845 N Borcherding Road, Madison, IN, 47250 priced at $217,000 pairs $1,530/mo rent with $227/mo cash flow after a $1,062/mo payment. Total monthly income equals $1,530/mo, and annual cash flow comes to $2,730/yr on $71,936 invested. Return on cash invested is 23.7% in year one, and rental yield stands at 8.46% on a $217,000 basis. Equity gained on principal adds $1,400/yr, and 5% annual appreciation accumulates to $59,953 by year five. Five-year ROI measures 122.98% and total cumulative return in cash reaches $88,469. For financing, Ziffy Mortgage’s DSCR program evaluates $1,530/mo property income against a $1,062/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 2015
8.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47250, Madison, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,256 (100%) |
| Owner Occupied HU | 6,609 (64.4%) |
| Renter Occupied HU | 2,671 (26.0%) |
| Vacant Housing Units | 976 ( 9.5%) |
| Median Home Value | $232,661 |
| Average Home Value | $249,506 |
Housing Distribution
Address Breakdown
Residential
9,501
Single Family
9,288
Multi-Family
213
Businesses
902
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