1022 E 800 SLa FontaineIN46940
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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 La Fontaine at 1022 E 800 S, La Fontaine, IN, 46940 earns $689/mo cash flow from $1,691/mo rent with a $817/mo payment. Total monthly income totals $1,691/mo, and annual cash flow totals $8,267/yr on $55,361 capital. ROI tracks 34.84% on current figures, and rental yield reads 12.15% at a $167,000 purchase. Equity gained on principal adds $1,078/yr, and 5% annual appreciation supports $46,139 over five years. Five-year ROI reaches 182.65% and total cumulative return in cash sums $101,115. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,691/mo property income instead of your personal income.
Single Family
Built in 1974
0.93 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46940, La Fontaine, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,145 (100%) |
| Owner Occupied HU | 847 (74.0%) |
| Renter Occupied HU | 172 (15.0%) |
| Vacant Housing Units | 126 (11.0%) |
| Median Home Value | $202,446 |
| Average Home Value | $244,976 |
Housing Distribution
Address Breakdown
Residential
934
Single Family
926
Multi-Family
8
Businesses
29
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Listed by: Candice Everage • Century 21 Bradley-Kendallville
Mls Name: IRMLS
Mls Provider:
Mls ID: #202432514
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.