11238 S 700 ELa FontaineIN46940
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment property for sale in La Fontaine at 11238 S 700 E, La Fontaine, IN, 46940 uses $112,677 cash to close to unlock $2,199/yr annual cash flow and $183/mo monthly cash flow. Total monthly income runs $2,224/mo, and a $1,664/mo payment keeps the spread at $183/mo. Purchase price stands at $339,900, and rental yield measures 7.85% with $2,224/mo rent. Return on cash invested shows 21.86% in year one, and 5% annual appreciation builds toward $93,908 over five years. Five-year ROI reaches 113.09% and total cumulative return in cash records $127,427. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,224/mo property income covering a $1,664/mo payment rather than investor’s personal income.
Single Family
Built in 1979
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46940, La Fontaine, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,145 (100%) |
| Owner Occupied HU | 847 (74.0%) |
| Renter Occupied HU | 172 (15.0%) |
| Vacant Housing Units | 126 (11.0%) |
| Median Home Value | $202,446 |
| Average Home Value | $244,976 |
Housing Distribution
Address Breakdown
Residential
934
Single Family
926
Multi-Family
8
Businesses
29
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Listed by: John R Lundquist • Lundquist Appraisals & Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202518036
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.