862 Skillet AveHuntertownIN46748
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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 Huntertown at 862 Skillet Ave, Huntertown, IN, 46748 priced at $444,900 pairs $2,274/mo rent with after a $2,178/mo payment. Total monthly income equals $2,274/mo. Return on cash invested is 16.68% in year one, and rental yield stands at 6.13% on a $444,900 basis. Equity gained on principal adds $2,871/yr, and 5% annual appreciation accumulates to $122,918 by year five. Five-year ROI measures 85.26% and total cumulative return in cash reaches $125,749. For financing, Ziffy Mortgage’s DSCR program evaluates $2,274/mo property income against a $2,178/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2020
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46748, Huntertown, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,905 (100%) |
| Owner Occupied HU | 2,603 (89.6%) |
| Renter Occupied HU | 198 ( 6.8%) |
| Vacant Housing Units | 104 ( 3.6%) |
| Median Home Value | $322,925 |
| Average Home Value | $378,703 |
Housing Distribution
Address Breakdown
Residential
2,844
Single Family
2,844
Multi-Family
0
Businesses
168
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Listed by: Alan Scherer • North Eastern Group Realty
Mls Name: IRMLS
Mls ID: #202542687