905 Spruce DrJasperIN47546
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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 Jasper at 905 Spruce Dr, Jasper, IN, 47546 offers $2,633/mo rent that, after a $1,786/mo payment, leaves $442/mo cash flow. Total monthly income is $2,633/mo, and annual cash flow is $5,310/yr on $120,998 cash. Return on cash invested measures 24.3% in year one, and rental yield stands at 8.66% at a $365,000 entry. Equity gained on principal adds $2,355/yr while 5% annual appreciation compounds into $100,843 by year five. Five-year ROI records 126.14% and total cumulative return in cash reaches $152,623. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,633/mo property income versus a $1,786/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47546, Jasper, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,013 (100%) |
| Owner Occupied HU | 6,765 (67.6%) |
| Renter Occupied HU | 2,608 (26.0%) |
| Vacant Housing Units | 640 ( 6.4%) |
| Median Home Value | $270,554 |
| Average Home Value | $316,388 |
Housing Distribution
Address Breakdown
Residential
9,829
Single Family
9,428
Multi-Family
401
Businesses
754
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Listed by: Brenda S Welsh • SELL4FREE-WELSH REALTY CORPORATION
Mls Name: IRMLS
Mls Provider:
Mls ID: #202506997
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.