905 1/2 Spann AveCrawfordsvilleIN47933
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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 Crawfordsville at 905 1/2 Spann Ave, Crawfordsville, IN, 47933 offers a 9.17% rental yield on a $132,000 purchase with $1,009/mo rent. Total monthly income registers $1,009/mo, and a $646/mo payment leaves $217/mo available for distribution. Annual cash flow reaches $2,600/yr on $43,758 to close, and return on cash invested stands at 25.85% in year one. Equity gained on principal adds $852/yr while 5% annual appreciation supports $36,469 over five years. Portfolio math shows five-year ROI at 134.5% and total cumulative return in cash at $58,855. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,009/mo property income against a $646/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1956
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47933, Crawfordsville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,504 (100%) |
| Owner Occupied HU | 8,390 (67.1%) |
| Renter Occupied HU | 3,256 (26.0%) |
| Vacant Housing Units | 858 ( 6.9%) |
| Median Home Value | $205,895 |
| Average Home Value | $235,208 |
Housing Distribution
Address Breakdown
Residential
11,876
Single Family
11,241
Multi-Family
635
Businesses
1,018
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Listed by: Christina Deer • eXp Realty LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22052329