1103 1/2 State Road 114 ENorth 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 1103 1/2 State Road 114 E, North Manchester, IN, 46962 offers a 8.09% rental yield on a $169,000 purchase with $1,140/mo rent. Total monthly income registers $1,140/mo, and a $827/mo payment leaves $126/mo available for distribution. Annual cash flow reaches $1,508/yr on $56,024 to close, and return on cash invested stands at 22.6% in year one. Equity gained on principal adds $1,091/yr while 5% annual appreciation supports $46,692 over five years. Portfolio math shows five-year ROI at 117.05% and total cumulative return in cash at $65,575. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,140/mo property income against a $827/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1953
3.15 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: Andrea Greer Markham • Manchester Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202508159
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.