8809 S Meadow LnOwensvilleIN47665
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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 Owensville at 8809 S Meadow Ln, Owensville, IN, 47665 uses $62,322 cash to close to unlock $524/yr annual cash flow and $44/mo monthly cash flow. Total monthly income runs $1,172/mo, and a $920/mo payment keeps the spread at $44/mo. Purchase price stands at $188,000, and rental yield measures 7.48% with $1,172/mo rent. Return on cash invested shows 20.75% in year one, and 5% annual appreciation builds toward $51,941 over five years. Five-year ROI reaches 107.11% and total cumulative return in cash records $66,752. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,172/mo property income covering a $920/mo payment rather than investor’s personal income.
Manufactured
Built in 2003
2.08 Acres lot
$N/A/sqft
No HOA
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Listed by: Josie Tackett • Century 21 Scheetz - Bloomington
Mls Name: IRMLS
Mls Provider:
Mls ID: #202432042
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