9396 Sugar Grove RdEconomyIN47339
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 Economy at 9396 Sugar Grove Rd, Economy, IN, 47339 generates $3,041/mo in rent and, after a $2,325/mo payment, leaves $190/mo in cash flow. Total monthly income is $3,041/mo, and annual cash flow is $2,274/yr on $157,463 invested. Return on cash invested sits at 21.35% in year one, and rental yield is 7.68% on a $475,000 entry. Equity gained on principal adds $3,065/yr, while 5% annual appreciation builds toward $131,234 over five years. Five-year ROI reaches 110.35% and total cumulative return in cash sums $173,767. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,041/mo property income rather than buyer’s personal income.
Single Family
Built in 1928
3.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47339, Economy, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 243 (100%) |
| Owner Occupied HU | 207 (85.2%) |
| Renter Occupied HU | 26 (10.7%) |
| Vacant Housing Units | 10 ( 4.1%) |
| Median Home Value | $276,330 |
| Average Home Value | $332,271 |
Housing Distribution
Address Breakdown
Residential
191
Single Family
191
Multi-Family
0
Businesses
11
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices