9920 N State Road 227Fountain CityIN47341
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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 Fountain City at 9920 N State Road 227, Fountain City, IN, 47341 generates $1,680/mo in rent, after a $1,542/mo payment. Total monthly income is $1,680/mo. Return on cash invested sits at 17.48% in year one, and rental yield is 6.4% on a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 89.59% and total cumulative return in cash sums $93,557. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,680/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
8 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47341, Fountain City, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 842 (100%) |
| Owner Occupied HU | 629 (74.7%) |
| Renter Occupied HU | 141 (16.7%) |
| Vacant Housing Units | 72 ( 8.6%) |
| Median Home Value | $223,311 |
| Average Home Value | $258,442 |
Housing Distribution
Address Breakdown
Residential
663
Single Family
650
Multi-Family
13
Businesses
33
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Listed by: N/A • N/A
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