950 Spencer Pike RdSpringvilleIN47462
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
Investment property for sale in Springville at 950 Spencer Pike Rd, Springville, IN, 47462 at $469,000 posts ROI 19.43% with from $2,754/mo rent. Total monthly income equals $2,754/mo. Return on cash invested measures 19.43% and rental yield reads 7.05% at the current $469,000. Equity gained on principal adds $3,026/yr, and 5% annual appreciation supports $129,576 by year five. Five-year ROI prints 100.05% and total cumulative return in cash totals $155,551. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,754/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2001
1.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47462, Springville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,250 (100%) |
| Owner Occupied HU | 1,864 (82.8%) |
| Renter Occupied HU | 230 (10.2%) |
| Vacant Housing Units | 156 ( 6.9%) |
| Median Home Value | $254,428 |
| Average Home Value | $300,248 |
Housing Distribution
Address Breakdown
Residential
2,018
Single Family
2,018
Multi-Family
0
Businesses
47
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Angela Stevens • Genesis Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202517053
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.