9274 W 500 SRedkeyIN47373
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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 Redkey at 9274 W 500 S, Redkey, IN, 47373 earns $174/mo cash flow from $1,194/mo rent with a $832/mo payment. Total monthly income totals $1,194/mo, and annual cash flow totals $2,084/yr on $56,322 capital. ROI tracks 23.61% on current figures, and rental yield reads 8.43% at a $169,900 purchase. Equity gained on principal adds $1,096/yr, and 5% annual appreciation supports $46,940 over five years. Five-year ROI reaches 122.47% and total cumulative return in cash sums $68,978. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,194/mo property income instead of your personal income.
Manufactured
Built in 2001
2.50 Acres lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 47373, Redkey, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 973 (100%) |
| Owner Occupied HU | 665 (68.3%) |
| Renter Occupied HU | 186 (19.1%) |
| Vacant Housing Units | 122 (12.5%) |
| Median Home Value | $162,750 |
| Average Home Value | $215,075 |
Housing Distribution
Address Breakdown
Residential
603
Single Family
603
Multi-Family
0
Businesses
42
Price History
Date | Event | Price |
|---|---|---|
| 2025-03-25 | Sold | $169,900 |
| 2025-02-19 | Pending sale | $175,000 |
| 2024-12-05 | Price change | $175,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-22 | $1221.34 | -4.45% | $102,900 | 6.19% |
| 2023-10-22 | $1278.16 | 0.61% | $96,900 | 1.36% |
| 2022-10-22 | $1270.36 | -2.72% | $95,600 | 13.95% |
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Facts & Features
General Information
- Type: MobileManufactured
- Year Built: 2001
- Architectural Style: N/A
- Building Area: 2,356
- Living Area: 2,356 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Propane, Forced Air
- Cooling: Central Air
- Flooring: N/A
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: N/A
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Septic Tank
- Water Source: Well
- Road Surface Type: N/A
School Information
- Elementary School: Redkey
- Middle School: Jay County
- High School: Jay County
Listed by: Jerod Clark • Century 21 Advance
Mls Name: IRMLS
Mls Provider:
Mls ID: #202434734
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.