9174 State Road 229MetamoraIN47030
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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 Metamora at 9174 State Road 229, Metamora, IN, 47030 uses $47,405 cash to close to unlock $2,626/yr annual cash flow and $219/mo monthly cash flow. Total monthly income runs $1,086/mo, and a $700/mo payment keeps the spread at $219/mo. Purchase price stands at $143,000, and rental yield measures 9.11% with $1,086/mo rent. Return on cash invested shows 25.45% in year one, and 5% annual appreciation builds toward $39,508 over five years. Five-year ROI reaches 132.38% and total cumulative return in cash records $62,752. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,086/mo property income covering a $700/mo payment rather than investor’s personal income.
Manufactured
Built in 1974
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47030, Metamora, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 642 (100%) |
| Owner Occupied HU | 490 (76.3%) |
| Renter Occupied HU | 70 (10.9%) |
| Vacant Housing Units | 82 (12.8%) |
| Median Home Value | $229,167 |
| Average Home Value | $286,449 |
Housing Distribution
Address Breakdown
Residential
546
Single Family
546
Multi-Family
0
Businesses
44
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Listed by: Georgia Green • Coldwell Banker Lingle
Mls Name: RLMS
Mls Provider:
Mls ID: #10051263
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.