894 S Deer RunEllettsvilleIN47429
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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 Ellettsville at 894 S Deer Run, Ellettsville, IN, 47429 priced at $320,000 pairs $2,298/mo rent with $377/mo cash flow after a $1,566/mo payment. Total monthly income equals $2,298/mo, and annual cash flow comes to $4,528/yr on $106,080 invested. Return on cash invested is 24.18% in year one, and rental yield stands at 8.62% on a $320,000 basis. Equity gained on principal adds $2,065/yr, and 5% annual appreciation accumulates to $88,410 by year five. Five-year ROI measures 125.51% and total cumulative return in cash reaches $133,143. For financing, Ziffy Mortgage’s DSCR program evaluates $2,298/mo property income against a $1,566/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2003
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47429, Ellettsville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,306 (100%) |
| Owner Occupied HU | 2,560 (77.4%) |
| Renter Occupied HU | 615 (18.6%) |
| Vacant Housing Units | 131 ( 4.0%) |
| Median Home Value | $281,209 |
| Average Home Value | $306,251 |
Housing Distribution
Address Breakdown
Residential
3,359
Single Family
3,286
Multi-Family
73
Businesses
162
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Listed by: Trish Sterling • Sterling Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202422806
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.