107 E Centennial StNappaneeIN46550
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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 Nappanee at 107 E Centennial St, Nappanee, IN, 46550 listed at $196,500 pairs $1,823/mo rent with a $962/mo payment to leave $643/mo cash flow. Total monthly income runs $1,823/mo, and annual cash flow reaches $7,719/yr on $65,140 cash to close. Return on cash invested measures 31.76% in year one, and rental yield registers 11.13% at a $196,500 basis. Equity gained on principal adds $1,268/yr, and annual property appreciation at 5% supports $54,289 by year five. Five-year ROI tracks 166.2% and total cumulative return in cash totals $108,265. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,823/mo property income relative to a $962/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
3,223 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46550, Nappanee, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,876 (100%) |
| Owner Occupied HU | 3,359 (68.9%) |
| Renter Occupied HU | 1,222 (25.1%) |
| Vacant Housing Units | 295 ( 6.1%) |
| Median Home Value | $271,504 |
| Average Home Value | $301,080 |
Housing Distribution
Address Breakdown
Residential
4,679
Single Family
4,518
Multi-Family
161
Businesses
386
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