8812 W Red Ear RdEckertyIN47116
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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 Eckerty at 8812 W Red Ear Rd, Eckerty, IN, 47116 listed at $328,000 pairs $2,353/mo rent with a $1,605/mo payment to leave $384/mo cash flow. Total monthly income runs $2,353/mo, and annual cash flow reaches $4,614/yr on $108,732 cash to close. Return on cash invested measures 24.15% in year one, and rental yield registers 8.61% at a $328,000 basis. Equity gained on principal adds $2,117/yr, and annual property appreciation at 5% supports $90,620 by year five. Five-year ROI tracks 125.37% and total cumulative return in cash totals $136,315. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,353/mo property income relative to a $1,605/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2012
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47116, Eckerty, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 625 (100%) |
| Owner Occupied HU | 327 (52.3%) |
| Renter Occupied HU | 61 ( 9.8%) |
| Vacant Housing Units | 237 (37.9%) |
| Median Home Value | $118,929 |
| Average Home Value | $146,361 |
Housing Distribution
Address Breakdown
Residential
360
Single Family
360
Multi-Family
0
Businesses
18
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