1014 Richard RdKendallvilleIN46755
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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 Kendallville at 1014 Richard Rd, Kendallville, IN, 46755 with 5% annual appreciation on a $242,500 basis while $2,027/mo rent supports operations. Total monthly income totals $2,027/mo and a $1,187/mo payment preserves $571/mo for cash returns. Annual cash flow comes to $6,855/yr on $80,389 deployed, and return on cash invested reaches 28.44% in year one. Equity gained on principal adds $1,565/yr, and five-year appreciation sums $66,998 alongside rental yield of 10.03%. Five-year ROI measures 148.36% and total cumulative return in cash totals $119,263.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,027/mo property income versus a $1,187/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1985
0.52 Acres 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
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Listed by: Anita Hess • Century 21 Bradley-Kendallville
Mls Name: IRMLS
Mls Provider:
Mls ID: #202440056
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.