8763 N 625 EMorristownIN46161
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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
Investment property for sale in Morristown at 8763 N 625 E, Morristown, IN, 46161 listed at $363,800 pairs $2,398/mo rent with a $1,781/mo payment to leave $214/mo cash flow. Total monthly income runs $2,398/mo, and annual cash flow reaches $2,565/yr on $120,600 cash to close. Return on cash invested measures 22.04% in year one, and rental yield registers 7.91% at a $363,800 basis. Equity gained on principal adds $2,348/yr, and annual property appreciation at 5% supports $100,511 by year five. Five-year ROI tracks 114.01% and total cumulative return in cash totals $137,498. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,398/mo property income relative to a $1,781/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1935
6 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46161, Morristown, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,042 (100%) |
| Owner Occupied HU | 724 (69.5%) |
| Renter Occupied HU | 229 (22.0%) |
| Vacant Housing Units | 89 ( 8.5%) |
| Median Home Value | $191,016 |
| Average Home Value | $211,274 |
Housing Distribution
Address Breakdown
Residential
650
Single Family
650
Multi-Family
0
Businesses
87
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Listed by: N/A • N/A
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