1116 Erin CtMiddleburyIN46540
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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 Middlebury at 1116 Erin Ct, Middlebury, IN, 46540 generates $2,691/mo in rent, after a $2,932/mo payment. Total monthly income is $2,691/mo. Return on cash invested sits at 14.55% in year one, and rental yield is 5.39% on a $599,000 entry. Equity gained on principal adds $3,865/yr, while 5% annual appreciation builds toward $165,493 over five years. Five-year ROI reaches 73.85% and total cumulative return in cash sums $145,534. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,691/mo property income rather than buyer’s personal income.
Single Family
Built in 1980
1.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46540, Middlebury, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,333 (100%) |
| Owner Occupied HU | 3,498 (80.7%) |
| Renter Occupied HU | 659 (15.2%) |
| Vacant Housing Units | 176 ( 4.1%) |
| Median Home Value | $339,066 |
| Average Home Value | $378,665 |
Housing Distribution
Address Breakdown
Residential
4,197
Single Family
4,157
Multi-Family
40
Businesses
437
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Listed by: Michael J Patka • Grogg Martin Realty
Mls Name: IRMLS
Mls ID: #202547953