117 NE Monroe AveElkhartIA50073
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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 Elkhart at 117 NE Monroe Ave, Elkhart, IA, 50073 earns $304/mo cash flow from $2,334/mo rent with a $1,517/mo payment. Total monthly income totals $2,334/mo, and annual cash flow totals $3,649/yr on $102,732 capital. ROI tracks 23.46% on current figures, and rental yield reads 9.04% at a $309,900 purchase. Equity gained on principal adds $2,000/yr, and 5% annual appreciation supports $85,620 over five years. Five-year ROI reaches 122.4% and total cumulative return in cash sums $125,748. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,334/mo property income instead of your personal income.
Single Family
Built in 2019
8,712 sqft lot
$N/A/sqft
No HOA
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Listed by: The Engelman Team • Friedrich Iowa Realty
Mls Name: CIBR
Mls Provider:
Mls ID: #67383
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but not accurate.