110 N Main 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 110 N Main St, South Whitley, IN, 46787 priced at $170,000 pairs $1,512/mo rent with $434/mo cash flow after a $832/mo payment. Total monthly income equals $1,512/mo, and annual cash flow comes to $5,205/yr on $56,355 invested. Return on cash invested is 29.15% in year one, and rental yield stands at 10.67% on a $170,000 basis. Equity gained on principal adds $1,097/yr, and 5% annual appreciation accumulates to $46,968 by year five. Five-year ROI measures 152.58% and total cumulative return in cash reaches $85,989. For financing, Ziffy Mortgage’s DSCR program evaluates $1,512/mo property income against a $832/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1865
0.25 Acres 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: Theresa Brough-Cavacini • Anthony REALTORS
Mls Name: IRMLS
Mls Provider:
Mls ID: #202517750
Disclaimer: 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.