112 N Garfield StLynnIN47355
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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 Lynn at 112 N Garfield St, Lynn, IN, 47355 priced at $119,900 converts $1,105/mo rent into $385/mo cash flow after a $587/mo obligation. Total monthly income equals $1,105/mo, and annual cash flow totals $4,621/yr on $39,747 invested. Return on cash invested prints 31.54% in year one, and rental yield reads 11.06% against a $119,900 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation compiles into $33,126 by year five. Five-year ROI reaches 165.08% and total cumulative return in cash sums $65,616. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,105/mo property income covering a $587/mo payment, not borrower’s personal income.
Single Family
Built in 1890
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47355, Lynn, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,185 (100%) |
| Owner Occupied HU | 822 (69.4%) |
| Renter Occupied HU | 268 (22.6%) |
| Vacant Housing Units | 95 ( 8.0%) |
| Median Home Value | $116,398 |
| Average Home Value | $155,657 |
Housing Distribution
Address Breakdown
Residential
827
Single Family
800
Multi-Family
27
Businesses
43
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