1104 N Main StNappaneeIN46550
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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 Nappanee at 1104 N Main St, Nappanee, IN, 46550 earns $251/mo cash flow from $1,685/mo rent with a $1,169/mo payment. Total monthly income totals $1,685/mo, and annual cash flow totals $3,015/yr on $79,195 capital. ROI tracks 23.72% on current figures, and rental yield reads 8.46% at a $238,900 purchase. Equity gained on principal adds $1,542/yr, and 5% annual appreciation supports $66,004 over five years. Five-year ROI reaches 123.06% and total cumulative return in cash sums $97,457. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,685/mo property income instead of your personal income.
Single Family
Built in 1885
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46550, Nappanee, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,876 (100%) |
| Owner Occupied HU | 3,359 (68.9%) |
| Renter Occupied HU | 1,222 (25.1%) |
| Vacant Housing Units | 295 ( 6.1%) |
| Median Home Value | $271,504 |
| Average Home Value | $301,080 |
Housing Distribution
Address Breakdown
Residential
4,679
Single Family
4,518
Multi-Family
161
Businesses
386
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