88 W McClain AvenueScottsburgIN47170
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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
Rental property for sale in Scottsburg at 88 W McClain Avenue, Scottsburg, IN, 47170 offers $1,925/mo rent that, after a $978/mo payment, leaves $725/mo cash flow. Total monthly income is $1,925/mo, and annual cash flow is $8,705/yr on $66,267 cash. Return on cash invested measures 33.05% in year one, and rental yield stands at 11.56% at a $199,900 entry. Equity gained on principal adds $1,290/yr while 5% annual appreciation compounds into $55,229 by year five. Five-year ROI records 173.06% and total cumulative return in cash reaches $114,685. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,925/mo property income versus a $978/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1988
9,408 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47170, Scottsburg, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,833 (100%) |
| Owner Occupied HU | 4,256 (62.3%) |
| Renter Occupied HU | 1,960 (28.7%) |
| Vacant Housing Units | 617 ( 9.0%) |
| Median Home Value | $185,872 |
| Average Home Value | $216,799 |
Housing Distribution
Address Breakdown
Residential
6,473
Single Family
6,313
Multi-Family
160
Businesses
537
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Listed by: Trevor McIntosh • McIntosh & Co Real Estate
Mls Name: SIRA
Mls ID: #2025010183