982 N 3rd StAustinIN47102
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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 Austin at 982 N 3rd St, Austin, IN, 47102 uses $61,294 cash to close to unlock $8,281/yr annual cash flow and $690/mo monthly cash flow. Total monthly income runs $1,800/mo, and a $905/mo payment keeps the spread at $690/mo. Purchase price stands at $184,900, and rental yield measures 11.68% with $1,800/mo rent. Return on cash invested shows 33.42% in year one, and 5% annual appreciation builds toward $51,084 over five years. Five-year ROI reaches 175.13% and total cumulative return in cash records $107,347. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,800/mo property income covering a $905/mo payment rather than investor’s personal income.
Single Family
Built in 2025
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47102, Austin, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,141 (100%) |
| Owner Occupied HU | 1,881 (59.9%) |
| Renter Occupied HU | 992 (31.6%) |
| Vacant Housing Units | 268 ( 8.5%) |
| Median Home Value | $160,398 |
| Average Home Value | $189,765 |
Housing Distribution
Address Breakdown
Residential
2,824
Single Family
2,824
Multi-Family
0
Businesses
121
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