8984 N Old State RdChrisneyIN47611
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Chrisney at 8984 N Old State Rd, Chrisney, IN, 47611 offers $2,037/mo rent that, after a $1,468/mo payment, leaves $237/mo cash flow. Total monthly income is $2,037/mo, and annual cash flow is $2,839/yr on $99,417 cash. Return on cash invested measures 22.76% in year one, and rental yield stands at 8.15% at a $299,900 entry. Equity gained on principal adds $1,935/yr while 5% annual appreciation compounds into $82,857 by year five. Five-year ROI records 117.92% and total cumulative return in cash reaches $117,232. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,037/mo property income versus a $1,468/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
1.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47611, Chrisney, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 543 (100%) |
| Owner Occupied HU | 420 (77.3%) |
| Renter Occupied HU | 73 (13.4%) |
| Vacant Housing Units | 50 ( 9.2%) |
| Median Home Value | $212,745 |
| Average Home Value | $264,530 |
Housing Distribution
Address Breakdown
Residential
459
Single Family
459
Multi-Family
0
Businesses
30
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Listed by: Anita Corne • F.C. TUCKER EMGE
Mls Name: IRMLS
Mls Provider:
Mls ID: #202508248
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.