974 W 1st StBrownstownIN47220
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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 Brownstown at 974 W 1st St, Brownstown, IN, 47220 uses $54,698 cash to close to unlock $3,433/yr annual cash flow and $286/mo monthly cash flow. Total monthly income runs $1,277/mo, and a $808/mo payment keeps the spread at $286/mo. Purchase price stands at $165,000, and rental yield measures 9.29% with $1,277/mo rent. Return on cash invested shows 26.19% in year one, and 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 136.35% and total cumulative return in cash records $74,579. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,277/mo property income covering a $808/mo payment rather than investor’s personal income.
Single Family
Built in 1960
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47220, Brownstown, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,330 (100%) |
| Owner Occupied HU | 1,642 (70.5%) |
| Renter Occupied HU | 520 (22.3%) |
| Vacant Housing Units | 168 ( 7.2%) |
| Median Home Value | $207,143 |
| Average Home Value | $257,322 |
Housing Distribution
Address Breakdown
Residential
2,285
Single Family
2,261
Multi-Family
24
Businesses
210
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Listed by: Nathaniel Tupper • The Modglin Group
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22076646