8487 N Old Highway 231LindenIN47955
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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 Linden at 8487 N Old Highway 231, Linden, IN, 47955 generates $2,344/mo in rent and, after a $1,346/mo payment, leaves $693/mo in cash flow. Total monthly income is $2,344/mo, and annual cash flow is $8,319/yr on $91,163 invested. Return on cash invested sits at 29.03% in year one, and rental yield is 10.23% on a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 151.57% and total cumulative return in cash sums $138,179. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,344/mo property income rather than buyer’s personal income.
Single Family
Built in 1956
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47955, Linden, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 428 (100%) |
| Owner Occupied HU | 322 (75.2%) |
| Renter Occupied HU | 80 (18.7%) |
| Vacant Housing Units | 26 ( 6.1%) |
| Median Home Value | $194,853 |
| Average Home Value | $237,601 |
Housing Distribution
Address Breakdown
Residential
318
Single Family
318
Multi-Family
0
Businesses
29
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Listed by: Sue Frazier • Huffer Real Estate LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202522749
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.