109 Davis DrMichigan CityIN46360
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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
Rental property for sale in Michigan City at 109 Davis Dr, Michigan City, IN, 46360 priced at $337,500 pairs $2,254/mo rent with $228/mo cash flow after a $1,652/mo payment. Total monthly income equals $2,254/mo, and annual cash flow comes to $2,735/yr on $111,881 invested. Return on cash invested is 22.35% in year one, and rental yield stands at 8.01% on a $337,500 basis. Equity gained on principal adds $2,178/yr, and 5% annual appreciation accumulates to $93,245 by year five. Five-year ROI measures 115.71% and total cumulative return in cash reaches $129,457. For financing, Ziffy Mortgage’s DSCR program evaluates $2,254/mo property income against a $1,652/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1989
0.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46360, Michigan City, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,591 (100%) |
| Owner Occupied HU | 11,713 (54.2%) |
| Renter Occupied HU | 6,451 (29.9%) |
| Vacant Housing Units | 3,427 (15.9%) |
| Median Home Value | $182,550 |
| Average Home Value | $260,534 |
Housing Distribution
Address Breakdown
Residential
19,767
Single Family
17,144
Multi-Family
2,623
Businesses
1,421
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Listed by: Brooklynn Ross • Coldwell Banker Realty
Mls Name: NIRA
Mls Provider:
Mls ID: #822464
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-26 03:47:26 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#185)