10978 Elkhart PlWinfieldIN46307
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Winfield at 10978 Elkhart Pl, Winfield, IN, 46307 uses $116,025 cash to close to unlock $9,333/yr annual cash flow and $778/mo monthly cash flow. Total monthly income runs $3,109/mo, and a $1,713/mo payment keeps the spread at $778/mo. Purchase price stands at $349,999, and rental yield measures 10.66% with $3,109/mo rent. Return on cash invested shows 27.95% in year one, and 5% annual appreciation builds toward $96,698 over five years. Five-year ROI reaches 146.6% and total cumulative return in cash records $170,090. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,109/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Condo
Built in 2009
N/A lot
$N/A/sqft
$198 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46307, Crown Point, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,493 (100%) |
| Owner Occupied HU | 23,758 (83.4%) |
| Renter Occupied HU | 3,580 (12.6%) |
| Vacant Housing Units | 1,155 ( 4.1%) |
| Median Home Value | $328,229 |
| Average Home Value | $358,457 |
Housing Distribution
Address Breakdown
Residential
27,816
Single Family
25,807
Multi-Family
2,009
Businesses
1,450
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Listed by: Anil Bhalla • Listing Leaders Northwest
Mls Name: NIRA
Mls Provider:
Mls ID: #819222
Disclaimer: Copyright 2025 MuItiple Listing Service of the Northwest Indiana REALTORS Association, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.