8783 State Road 56AuroraIN47001
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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 Aurora at 8783 State Road 56, Aurora, IN, 47001 uses $87,848 cash to close to unlock $14,019/yr annual cash flow and $1,168/mo monthly cash flow. Total monthly income runs $2,759/mo, and a $1,297/mo payment keeps the spread at $1,168/mo. Purchase price stands at $265,000, and rental yield measures 12.49% with $2,759/mo rent. Return on cash invested shows 35.87% in year one, and 5% annual appreciation builds toward $73,215 over five years. Five-year ROI reaches 188.23% and total cumulative return in cash records $165,351. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,759/mo property income covering a $1,297/mo payment rather than investor’s personal income.
Single Family
Built in 1956
2.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47001, Aurora, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,472 (100%) |
| Owner Occupied HU | 3,240 (72.5%) |
| Renter Occupied HU | 844 (18.9%) |
| Vacant Housing Units | 388 ( 8.7%) |
| Median Home Value | $213,898 |
| Average Home Value | $248,906 |
Housing Distribution
Address Breakdown
Residential
4,351
Single Family
4,282
Multi-Family
69
Businesses
296
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