103 E 2nd StConverseIN46919
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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 Converse at 103 E 2nd St, Converse, IN, 46919 earns $41/mo cash flow from $750/mo rent with a $578/mo payment. Total monthly income totals $750/mo, and annual cash flow totals $495/yr on $39,117 capital. ROI tracks 21.17% on current figures, and rental yield reads 7.63% at a $118,000 purchase. Equity gained on principal adds $761/yr, and 5% annual appreciation supports $32,601 over five years. Five-year ROI reaches 109.5% and total cumulative return in cash sums $42,831. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $750/mo property income instead of your personal income.
Single Family
Built in 1890
0.83 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46919, Converse, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 961 (100%) |
| Owner Occupied HU | 676 (70.3%) |
| Renter Occupied HU | 185 (19.3%) |
| Vacant Housing Units | 100 (10.4%) |
| Median Home Value | $196,330 |
| Average Home Value | $273,295 |
Housing Distribution
Address Breakdown
Residential
577
Single Family
531
Multi-Family
46
Businesses
42
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