116 N Oak StColumbia CityIN46725
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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 Columbia City at 116 N Oak St, Columbia City, IN, 46725 generates $1,199/mo in rent and, after a $734/mo payment, leaves $299/mo in cash flow. Total monthly income is $1,199/mo, and annual cash flow is $3,585/yr on $49,725 invested. Return on cash invested sits at 27.12% in year one, and rental yield is 9.59% on a $150,000 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 141.26% and total cumulative return in cash sums $70,242. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,199/mo property income rather than buyer’s personal income.
Single Family
Built in 1980
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46725, Columbia City, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,000 (100%) |
| Owner Occupied HU | 8,209 (74.6%) |
| Renter Occupied HU | 2,037 (18.5%) |
| Vacant Housing Units | 754 ( 6.9%) |
| Median Home Value | $235,679 |
| Average Home Value | $280,163 |
Housing Distribution
Address Breakdown
Residential
10,474
Single Family
10,069
Multi-Family
405
Businesses
694
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Listed by: Julie Hall • Patton Hall Real Estate
Mls Name: IRMLS
Mls ID: #202538946