863 S Melchoir Dr WSanta ClausIN47579
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 Santa Claus at 863 S Melchoir Dr W, Santa Claus, IN, 47579 uses $87,814 cash to close to unlock $4,966/yr annual cash flow and $414/mo monthly cash flow. Total monthly income runs $2,039/mo, and a $1,297/mo payment keeps the spread at $414/mo. Purchase price stands at $264,900, and rental yield measures 9.24% with $2,039/mo rent. Return on cash invested shows 25.56% in year one, and 5% annual appreciation builds toward $73,187 over five years. Five-year ROI reaches 133.09% and total cumulative return in cash records $116,876. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,039/mo property income covering a $1,297/mo payment rather than investor’s personal income.
Single Family
Built in 1995
0.87 Acres lot
$N/A/sqft
$415 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47579, Santa Claus, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,237 (100%) |
| Owner Occupied HU | 1,022 (82.6%) |
| Renter Occupied HU | 105 ( 8.5%) |
| Vacant Housing Units | 110 ( 8.9%) |
| Median Home Value | $257,373 |
| Average Home Value | $291,761 |
Housing Distribution
Address Breakdown
Residential
1,048
Single Family
1,048
Multi-Family
0
Businesses
86
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: DeAnna M Hoffman • ERA FIRST ADVANTAGE REALTY, INC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202521821
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.