986 W State Hwy #168Fort BranchIN47648
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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
Rental property for sale in Fort Branch at 986 W State Hwy #168, Fort Branch, IN, 47648 generates $2,392/mo in rent and, after a $1,762/mo payment, leaves $231/mo in cash flow. Total monthly income is $2,392/mo, and annual cash flow is $2,773/yr on $119,307 invested. Return on cash invested sits at 22.23% in year one, and rental yield is 7.98% on a $359,900 entry. Equity gained on principal adds $2,322/yr, while 5% annual appreciation builds toward $99,434 over five years. Five-year ROI reaches 115.1% and total cumulative return in cash sums $137,318. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,392/mo property income rather than buyer’s personal income.
Single Family
Built in 1970
1.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47648, Fort Branch, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,975 (100%) |
| Owner Occupied HU | 1,350 (68.4%) |
| Renter Occupied HU | 444 (22.5%) |
| Vacant Housing Units | 181 ( 9.2%) |
| Median Home Value | $212,264 |
| Average Home Value | $245,778 |
Housing Distribution
Address Breakdown
Residential
1,987
Single Family
1,941
Multi-Family
46
Businesses
106
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Listed by: Michael W Melton • ERA FIRST ADVANTAGE REALTY, INC
Mls Name: IRMLS
Mls ID: #202602755