1129 Princeton StElkhartIN46516
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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 Elkhart at 1129 Princeton St, Elkhart, IN, 46516 priced at $164,100 converts $2,156/mo rent into $1,171/mo cash flow after a $803/mo obligation. Total monthly income equals $2,156/mo, and annual cash flow totals $14,053/yr on $54,399 invested. Return on cash invested prints 45.74% in year one, and rental yield reads 15.77% against a $164,100 entry. Equity gained on principal adds $1,059/yr, while 5% annual appreciation compiles into $45,338 by year five. Five-year ROI reaches 241.2% and total cumulative return in cash sums $131,213. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,156/mo property income covering a $803/mo payment, not borrower’s personal income.
Single Family
Built in 1900
4,704 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46516, Elkhart, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,463 (100%) |
| Owner Occupied HU | 7,221 (53.6%) |
| Renter Occupied HU | 5,279 (39.2%) |
| Vacant Housing Units | 963 ( 7.2%) |
| Median Home Value | $172,789 |
| Average Home Value | $240,548 |
Housing Distribution
Address Breakdown
Residential
13,032
Single Family
11,652
Multi-Family
1,380
Businesses
1,157
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