8860 E Old Us Highway 50CannelburgIN47519
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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 Cannelburg at 8860 E Old Us Highway 50, Cannelburg, IN, 47519 earns $98/mo cash flow from $1,894/mo rent with a $1,419/mo payment. Total monthly income totals $1,894/mo, and annual cash flow totals $1,170/yr on $96,135 capital. ROI tracks 21.13% on current figures, and rental yield reads 7.84% at a $290,000 purchase. Equity gained on principal adds $1,871/yr, and 5% annual appreciation supports $80,122 over five years. Five-year ROI reaches 109.39% and total cumulative return in cash sums $105,160. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,894/mo property income instead of your personal income.
Single Family
Built in 1962
2.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47519, Cannelburg, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 274 (100%) |
| Owner Occupied HU | 213 (77.7%) |
| Renter Occupied HU | 46 (16.8%) |
| Vacant Housing Units | 15 ( 5.5%) |
| Median Home Value | $260,795 |
| Average Home Value | $275,176 |
Housing Distribution
Address Breakdown
Residential
228
Single Family
228
Multi-Family
0
Businesses
10
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Listed by: Chris Craig • Home & Harvest Properties LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202518540
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.