1107 Maple StMichigan CityIN46360
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
Rental property for sale in Michigan City at 1107 Maple St, Michigan City, IN, 46360 priced at $155,000 converts $1,402/mo rent into $407/mo cash flow after a $759/mo obligation. Total monthly income equals $1,402/mo, and annual cash flow totals $4,887/yr on $51,383 invested. Return on cash invested prints 29.42% in year one, and rental yield reads 10.85% against a $155,000 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation compiles into $42,824 by year five. Five-year ROI reaches 154.22% and total cumulative return in cash sums $79,240. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,402/mo property income covering a $759/mo payment, not borrower’s personal income.
Multi Family
Built in 1923
4,186 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46360, Michigan City, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,591 (100%) |
| Owner Occupied HU | 11,713 (54.2%) |
| Renter Occupied HU | 6,451 (29.9%) |
| Vacant Housing Units | 3,427 (15.9%) |
| Median Home Value | $182,550 |
| Average Home Value | $260,534 |
Housing Distribution
Address Breakdown
Residential
19,767
Single Family
17,144
Multi-Family
2,623
Businesses
1,421
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ruth Conner • @properties/Christie's Intl RE
Mls Name: NIRA
Mls Provider:
Mls ID: #542880
Disclaimer: Copyright 2024 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.