105 Packett Ave, Delphi, IN, 46923 | 5.5% Rental Yield

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105 Packett Ave, Delphi, IN, 46923 | 5.5% Rental Yield | Ziffy

For Sale

Fix & Flip

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Delphi at 105 Packett Ave, Delphi, IN, 46923 priced at $275,000 pairs $1,260/mo rent with after a $1,346/mo payment. Total monthly income equals $1,260/mo. Return on cash invested is 14.76% in year one, and rental yield stands at 5.5% on a $275,000 basis. Equity gained on principal adds $1,775/yr, and 5% annual appreciation accumulates to $75,977 by year five. Five-year ROI measures 75.06% and total cumulative return in cash reaches $68,423. For financing, Ziffy Mortgage’s DSCR program evaluates $1,260/mo property income against a $1,346/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 2023

8,276 sqft lot

$N/A/sqft

No HOA

More details about the property

Step into modern living with this 3-bedroom, 2-bath home built in 2023. The spacious corner lot sets the stage for outdoor enjoymentgather around the firepit in your private backyard oasis or host friends in style. Inside, radiant floor heating and central air conditioning create year-round comfort, while the oversized 3-car garage with added storage keeps everything organized. Just minutes from downtown and steps from the park and canal, this home offers the perfect balance of convenience and relaxation. Priced to sell, so contact your local agent and schedule your showing today!

Neighborhood Data

Neighborhood data shown for ZIP Code: 46923, Delphi, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,476 (100%)
Owner Occupied HU	2,521 (72.5%)
Renter Occupied HU	683 (19.6%)
Vacant Housing Units	272 ( 7.8%)
Median Home Value	$171,232
Average Home Value	$207,676