8835 Prairie AveHighlandIN46322
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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
Rental property for sale in Highland at 8835 Prairie Ave, Highland, IN, 46322 priced at $331,500 pairs $2,809/mo rent with $819/mo cash flow after a $1,623/mo payment. Total monthly income equals $2,809/mo, and annual cash flow comes to $9,823/yr on $109,892 invested. Return on cash invested is 28.85% in year one, and rental yield stands at 10.17% on a $331,500 basis. Equity gained on principal adds $2,139/yr, and 5% annual appreciation accumulates to $91,587 by year five. Five-year ROI measures 150.53% and total cumulative return in cash reaches $165,422. For financing, Ziffy Mortgage’s DSCR program evaluates $2,809/mo property income against a $1,623/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1948
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46322, Highland, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,588 (100%) |
| Owner Occupied HU | 7,922 (74.8%) |
| Renter Occupied HU | 2,280 (21.5%) |
| Vacant Housing Units | 386 ( 3.6%) |
| Median Home Value | $243,747 |
| Average Home Value | $271,248 |
Housing Distribution
Address Breakdown
Residential
10,380
Single Family
8,500
Multi-Family
1,880
Businesses
918
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