116 S Summit StKendallvilleIN46755
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 Kendallville at 116 S Summit St, Kendallville, IN, 46755 uses $48,001 cash to close to unlock $5,740/yr annual cash flow and $478/mo monthly cash flow. Total monthly income runs $1,385/mo, and a $709/mo payment keeps the spread at $478/mo. Purchase price stands at $144,800, and rental yield measures 11.48% with $1,385/mo rent. Return on cash invested shows 31.87% in year one, and 5% annual appreciation builds toward $40,006 over five years. Five-year ROI reaches 167.13% and total cumulative return in cash records $80,225. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,385/mo property income covering a $709/mo payment rather than investor’s personal income.
Single Family
Built in 1900
2,700 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: Terri L Deming • Weichert Realtors - Hoosier Heartland
Mls Name: IRMLS
Mls Provider:
Mls ID: #202516988
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.