109 N Randolph StSouth WhitleyIN46787
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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 South Whitley at 109 N Randolph St, South Whitley, IN, 46787 priced at $120,000 converts $918/mo rent into $198/mo cash flow after a $587/mo obligation. Total monthly income equals $918/mo, and annual cash flow totals $2,376/yr on $39,780 invested. Return on cash invested prints 25.88% in year one, and rental yield reads 9.18% against a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation compiles into $33,154 by year five. Five-year ROI reaches 134.59% and total cumulative return in cash sums $53,539. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $918/mo property income covering a $587/mo payment, not borrower’s personal income.
Single Family
Built in 1890
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46787, South Whitley, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,596 (100%) |
| Owner Occupied HU | 1,266 (79.3%) |
| Renter Occupied HU | 261 (16.4%) |
| Vacant Housing Units | 69 ( 4.3%) |
| Median Home Value | $191,438 |
| Average Home Value | $235,302 |
Housing Distribution
Address Breakdown
Residential
1,589
Single Family
1,589
Multi-Family
0
Businesses
83
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Listed by: Brandon Sturgill • RE/MAX Results
Mls Name: IRMLS
Mls ID: #202603151