9874 Turtle Creek RdFlorenceIN47020
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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
Total monthly income runs $1,890/mo, and a $2,129/mo payment. Purchase price stands at $435,000, and rental yield measures 5.21% with $1,890/mo rent. Return on cash invested shows 13.91% in year one, and 5% annual appreciation builds toward $120,182 over five years. Five-year ROI reaches 70.41% and total cumulative return in cash records $101,532. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,890/mo property income covering a $2,129/mo payment rather than investor’s personal income.
Single Family
Built in 2001
16.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47020, Florence, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 440 (100%) |
| Owner Occupied HU | 325 (73.9%) |
| Renter Occupied HU | 79 (18.0%) |
| Vacant Housing Units | 36 ( 8.2%) |
| Median Home Value | $210,714 |
| Average Home Value | $316,700 |
Housing Distribution
Address Breakdown
Residential
419
Single Family
419
Multi-Family
0
Businesses
18
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