9315 High StClarks HillIN47930
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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 Clarks Hill at 9315 High St, Clarks Hill, IN, 47930 uses $74,588 cash to close to unlock $7,531/yr annual cash flow and $628/mo monthly cash flow. Total monthly income runs $1,978/mo, and a $1,101/mo payment keeps the spread at $628/mo. Purchase price stands at $225,000, and rental yield measures 10.55% with $1,978/mo rent. Return on cash invested shows 30.01% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 156.76% and total cumulative return in cash records $116,925. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,978/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Single Family
Built in 1954
0.93 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47930, Clarks Hill, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 498 (100%) |
| Owner Occupied HU | 366 (73.5%) |
| Renter Occupied HU | 90 (18.1%) |
| Vacant Housing Units | 42 ( 8.4%) |
| Median Home Value | $265,789 |
| Average Home Value | $318,053 |
Housing Distribution
Address Breakdown
Residential
232
Single Family
232
Multi-Family
0
Businesses
14
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Listed by: Michelle Rainey • Keller Williams Lafayette
Mls Name: IRMLS
Mls ID: #202529556