8851 W Highway 67RedkeyIN47373
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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 Redkey at 8851 W Highway 67, Redkey, IN, 47373 offers a 5.9% rental yield on a $160,000 purchase with $787/mo rent. 99% in year one. Equity gained on principal adds $1,032/yr while 5% annual appreciation supports $44,205 over five years. Portfolio math shows five-year ROI at 81.61% and total cumulative return in cash at $43,286. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $787/mo property income against a $783/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1956
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47373, Redkey, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 973 (100%) |
| Owner Occupied HU | 665 (68.3%) |
| Renter Occupied HU | 186 (19.1%) |
| Vacant Housing Units | 122 (12.5%) |
| Median Home Value | $162,750 |
| Average Home Value | $215,075 |
Housing Distribution
Address Breakdown
Residential
603
Single Family
603
Multi-Family
0
Businesses
42
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Listed by: Kim Loy • Loy Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202525551
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.