1014 S 7th StGoshenIN46526
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
Investment property for sale in Goshen at 1014 S 7th St, Goshen, IN, 46526 listed at $264,900 pairs $2,146/mo rent with a $1,297/mo payment to leave $495/mo cash flow. Total monthly income runs $2,146/mo, and annual cash flow reaches $5,944/yr on $87,814 cash to close. Return on cash invested measures 26.68% in year one, and rental yield registers 9.72% at a $264,900 basis. Equity gained on principal adds $1,709/yr, and annual property appreciation at 5% supports $73,187 by year five. Five-year ROI tracks 139.23% and total cumulative return in cash totals $122,264. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,146/mo property income relative to a $1,297/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1910
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46526, Goshen, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,063 (100%) |
| Owner Occupied HU | 8,487 (65.0%) |
| Renter Occupied HU | 3,852 (29.5%) |
| Vacant Housing Units | 724 ( 5.5%) |
| Median Home Value | $226,148 |
| Average Home Value | $269,072 |
Housing Distribution
Address Breakdown
Residential
12,628
Single Family
11,718
Multi-Family
910
Businesses
830
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mike Schade • Cressy & Everett- Elkhart
Mls Name: IRMLS
Mls Provider:
Mls ID: #202524786
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.