111 E Melchoir Dr S, Santa Claus, IN, 47579 | 6.6% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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111 E Melchoir Dr S, Santa Claus, IN, 47579 | 6.6% Rental Yield | Ziffy

For Sale

Airbnb Potential

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Santa Claus at 111 E Melchoir Dr S, Santa Claus, IN, 47579 offers $1,810/mo rent that, after a $1,610/mo payment. Total monthly income is $1,810/mo. Return on cash invested measures 18.1% in year one, and rental yield stands at 6.6% at a $329,000 entry. Equity gained on principal adds $2,123/yr while 5% annual appreciation compounds into $90,897 by year five. Five-year ROI records 92.9% and total cumulative return in cash reaches $101,325. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,810/mo property income versus a $1,610/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1970

1.45 Acres lot

$N/A/sqft

No HOA

More details about the property

Discover lakeview living on nearly an acre and a half in the heart of Santa Claus. This inviting 1-story home offers more than 2,900 square feet of comfortable space surrounded by natural beauty. From the moment you walk inside, youre greeted by soaring vaulted wood ceilings and a striking floor-to-ceiling stone fireplace that anchors the great room in warmth and character. Expansive windows frame peaceful views of the water and trees beyond, filling the home with natural light. The main level features a kitchen and dining area that flows easily for gatherings. Bedroom on the main floor. Upstairs two comfortable bedrooms and 1 full bath. The finished lower level adds even more flexibility with a large family room, additional bathroom, and plenty of storage. Step outside to enjoy the quiet setting, shaded yard, and gentle slope toward the lakeideal for evening fires, fishing, or simply taking in the view. Set on 1.45 acres near Holiday World, Christmas Lake, and Lincoln State Park, this property blends the serenity of nature with year-round recreation and small-town charm. Whether youre seeking a full-time residence, weekend getaway, or investment opportunity, 111 E Melchoir Circle E offers space, character, and the perfect Santa Claus location.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47579, Santa Claus, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,237 (100%)
Owner Occupied HU	1,022 (82.6%)
Renter Occupied HU	105 ( 8.5%)
Vacant Housing Units	110 ( 8.9%)
Median Home Value	$257,373
Average Home Value	$291,761