113 Sargent StKendallvilleIN46755
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 113 Sargent St, Kendallville, IN, 46755 in Kendallville speaks for itself: 13.22% gross on a $120,000 price, generating $1,322/mo in rent and $602/mo in net income after the $540/mo debt service. DSCR 2.45, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $7,225 stacks alongside $33,154 in projected five-year appreciation and $1,105/yr in principal reduction. Projected total cumulative return: $84,093.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.2% | 7.0% |
| Monthly Cash Flow | $602 | $250 |
City averages based on Kendallville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,322 |
| Total Monthly Debt Service | $673 |
| DSCR Ratio | 1.97x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1900
2,657 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46755, Kendallville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,806 (100%) |
| Owner Occupied HU | 4,479 (65.8%) |
| Renter Occupied HU | 1,833 (26.9%) |
| Vacant Housing Units | 494 ( 7.3%) |
| Median Home Value | $205,982 |
| Average Home Value | $263,814 |
Housing Distribution
Address Breakdown
Residential
6,412
Single Family
6,211
Multi-Family
201
Businesses
547
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
Multi Family
Built in 1900
2,657 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46755, Kendallville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,806 (100%) |
| Owner Occupied HU | 4,479 (65.8%) |
| Renter Occupied HU | 1,833 (26.9%) |
| Vacant Housing Units | 494 ( 7.3%) |
| Median Home Value | $205,982 |
| Average Home Value | $263,814 |
Housing Distribution
Address Breakdown
Residential
6,412
Single Family
6,211
Multi-Family
201
Businesses
547
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michelle Holland • Hosler Realty Inc - Kendallville
Mls Name: IRMLS
Mls ID: #202543706