111 N Jefferson 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 111 N Jefferson St, South Whitley, IN, 46787 offers $1,265/mo rent that, after a $636/mo payment, leaves $485/mo cash flow. Total monthly income is $1,265/mo, and annual cash flow is $5,819/yr on $43,095 cash. Return on cash invested measures 33.41% in year one, and rental yield stands at 11.68% at a $130,000 entry. Equity gained on principal adds $839/yr while 5% annual appreciation compounds into $35,917 by year five. Five-year ROI records 175.02% and total cumulative return in cash reaches $75,423. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,265/mo property income versus a $636/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1868
4,356 sqft 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: Missy Damron • M&M Rental Property Mgmt & Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202511491
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.