10788 N Ogden RdNorth ManchesterIN46962
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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 North Manchester at 10788 N Ogden Rd, North Manchester, IN, 46962 listed at $215,000 pairs $1,706/mo rent with a $1,052/mo payment to leave $416/mo cash flow. Total monthly income runs $1,706/mo, and annual cash flow reaches $4,989/yr on $71,273 cash to close. Return on cash invested measures 26.91% in year one, and rental yield registers 9.52% at a $215,000 basis. Equity gained on principal adds $1,387/yr, and annual property appreciation at 5% supports $59,401 by year five. Five-year ROI tracks 140.15% and total cumulative return in cash totals $99,889. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,706/mo property income relative to a $1,052/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1986
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46962, North Manchester, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,818 (100%) |
| Owner Occupied HU | 2,537 (66.4%) |
| Renter Occupied HU | 941 (24.6%) |
| Vacant Housing Units | 340 ( 8.9%) |
| Median Home Value | $169,696 |
| Average Home Value | $234,758 |
Housing Distribution
Address Breakdown
Residential
3,480
Single Family
3,416
Multi-Family
64
Businesses
281
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Listed by: Erica Garber • Manchester Realty
Mls Name: IRMLS
Mls ID: #202601910