111 S Peters StGarrettIN46738
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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 Garrett at 111 S Peters St, Garrett, IN, 46738 priced at $114,000 converts $1,366/mo rent into $665/mo cash flow after a $558/mo obligation. Total monthly income equals $1,366/mo, and annual cash flow totals $7,983/yr on $37,791 invested. Return on cash invested prints 41.03% in year one, and rental yield reads 14.38% against a $114,000 entry. Equity gained on principal adds $736/yr, while 5% annual appreciation compiles into $31,496 by year five. Five-year ROI reaches 216.2% and total cumulative return in cash sums $81,703. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,366/mo property income covering a $558/mo payment, not borrower’s personal income.
Single Family
Built in 1900
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46738, Garrett, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,457 (100%) |
| Owner Occupied HU | 2,591 (74.9%) |
| Renter Occupied HU | 727 (21.0%) |
| Vacant Housing Units | 139 ( 4.0%) |
| Median Home Value | $197,979 |
| Average Home Value | $219,234 |
Housing Distribution
Address Breakdown
Residential
3,317
Single Family
3,217
Multi-Family
100
Businesses
233
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Listed by: Scott Pfeiffer • Castle One Realty, Inc.
Mls Name: IRMLS
Mls Provider:
Mls ID: #202528248
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.