11169 N Meridian RdOssianIN46777
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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 Ossian at 11169 N Meridian Rd, Ossian, IN, 46777 generates $1,685/mo in rent, after a $1,958/mo payment. Total monthly income is $1,685/mo. Return on cash invested sits at 13.43% in year one, and rental yield is 5.05% on a $400,000 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation builds toward $110,513 over five years. Five-year ROI reaches 67.84% and total cumulative return in cash sums $89,956. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,685/mo property income rather than buyer’s personal income.
Single Family
Built in 1887
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46777, Ossian, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,731 (100%) |
| Owner Occupied HU | 2,141 (78.4%) |
| Renter Occupied HU | 428 (15.7%) |
| Vacant Housing Units | 162 ( 5.9%) |
| Median Home Value | $227,960 |
| Average Home Value | $267,226 |
Housing Distribution
Address Breakdown
Residential
2,606
Single Family
2,547
Multi-Family
59
Businesses
128
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Listed by: Shane Thomson • Pinnacle Group Real Estate Services
Mls Name: IRMLS
Mls Provider:
Mls ID: #202511422
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.