908 E Cherry StPetersburgIN47567
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 Petersburg at 908 E Cherry St, Petersburg, IN, 47567 offers $1,374/mo rent that, after a $881/mo payment, leaves $294/mo cash flow. Total monthly income is $1,374/mo, and annual cash flow is $3,522/yr on $59,670 cash. Return on cash invested measures 25.81% in year one, and rental yield stands at 9.16% at a $180,000 entry. Equity gained on principal adds $1,162/yr while 5% annual appreciation compounds into $49,731 by year five. Five-year ROI records 134.29% and total cumulative return in cash reaches $80,129. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,374/mo property income versus a $881/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1868
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47567, Petersburg, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,619 (100%) |
| Owner Occupied HU | 1,818 (69.4%) |
| Renter Occupied HU | 503 (19.2%) |
| Vacant Housing Units | 298 (11.4%) |
| Median Home Value | $175,641 |
| Average Home Value | $200,881 |
Housing Distribution
Address Breakdown
Residential
2,477
Single Family
2,441
Multi-Family
36
Businesses
223
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Listed by: Gina Mehringer • F.C. TUCKER EMGE
Mls Name: IRMLS
Mls Provider:
Mls ID: #202420417
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.