9315 E 150 NGrovertownIN46531
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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 Grovertown at 9315 E 150 N, Grovertown, IN, 46531 earns $245/mo cash flow from $1,626/mo rent with a $1,126/mo payment. Total monthly income totals $1,626/mo, and annual cash flow totals $2,941/yr on $76,245 capital. ROI tracks 23.77% on current figures, and rental yield reads 8.48% at a $230,000 purchase. Equity gained on principal adds $1,484/yr, and 5% annual appreciation supports $63,545 over five years. Five-year ROI reaches 123.35% and total cumulative return in cash sums $94,051. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,626/mo property income instead of your personal income.
Single Family
Built in 1900
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46531, Grovertown, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 660 (100%) |
| Owner Occupied HU | 523 (79.2%) |
| Renter Occupied HU | 74 (11.2%) |
| Vacant Housing Units | 63 ( 9.5%) |
| Median Home Value | $207,341 |
| Average Home Value | $232,323 |
Housing Distribution
Address Breakdown
Residential
581
Single Family
581
Multi-Family
0
Businesses
15
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Listed by: Faith Royce • Redlow Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202509596
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.