117 Meadow DrLa FontaineIN46940
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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
Investment property for sale in La Fontaine at 117 Meadow Dr, La Fontaine, IN, 46940 offers a 11% rental yield on a $135,000 purchase with $1,238/mo rent. Total monthly income registers $1,238/mo, and a $661/mo payment leaves $427/mo available for distribution. Annual cash flow reaches $5,128/yr on $44,753 to close, and return on cash invested stands at 31.37% in year one. Equity gained on principal adds $871/yr while 5% annual appreciation supports $37,298 over five years. Portfolio math shows five-year ROI at 164.13% and total cumulative return in cash at $73,453. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,238/mo property income against a $661/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1974
9,147 sqft 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: Sarah E Mast • Real Broker, LLC
Mls Name: IRMLS
Mls ID: #202542558