1004 S State StKendallvilleIN46755
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Kendallville at 1004 S State St, Kendallville, IN, 46755 generates $1,650/mo in rent and, after a $1,052/mo payment, leaves $360/mo in cash flow. Total monthly income is $1,650/mo, and annual cash flow is $4,317/yr on $71,273 invested. Return on cash invested sits at 25.97% in year one, and rental yield is 9.21% on a $215,000 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 135.08% and total cumulative return in cash sums $96,277. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,650/mo property income rather than buyer’s personal income.
Single Family
Built in 1963
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46755, Kendallville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,806 (100%) |
| Owner Occupied HU | 4,479 (65.8%) |
| Renter Occupied HU | 1,833 (26.9%) |
| Vacant Housing Units | 494 ( 7.3%) |
| Median Home Value | $205,982 |
| Average Home Value | $263,814 |
Housing Distribution
Address Breakdown
Residential
6,412
Single Family
6,211
Multi-Family
201
Businesses
547
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tammie Rhine • Mike Thomas Assoc., Inc
Mls Name: IRMLS
Mls Provider:
Mls ID: #202516877
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.