1015 N Edgewater StSilver LakeIN46982
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 Silver Lake at 1015 N Edgewater St, Silver Lake, IN, 46982 uses $39,780 cash to close to unlock $3,463/yr annual cash flow and $289/mo monthly cash flow. Total monthly income runs $1,058/mo, and a $587/mo payment keeps the spread at $289/mo. Purchase price stands at $120,000, and rental yield measures 10.58% with $1,058/mo rent. Return on cash invested shows 28.61% in year one, and 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 149.85% and total cumulative return in cash records $59,611. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,058/mo property income covering a $587/mo payment rather than investor’s personal income.
Single Family
Built in 1938
3,920 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Fred Johnson • RE/MAX Results- Warsaw
Mls Name: IRMLS
Mls Provider:
Mls ID: #202518794
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.