118 E Grove StKendallvilleIN46755
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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 Kendallville at 118 E Grove St, Kendallville, IN, 46755 uses $43,069 cash to close to unlock $4,896/yr annual cash flow and $408/mo monthly cash flow. Total monthly income runs $1,188/mo, and a $636/mo payment keeps the spread at $408/mo. Purchase price stands at $129,921, and rental yield measures 10.97% with $1,188/mo rent. Return on cash invested shows 31.28% in year one, and 5% annual appreciation builds toward $35,895 over five years. Five-year ROI reaches 163.7% and total cumulative return in cash records $70,502. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,188/mo property income covering a $636/mo payment rather than investor’s personal income.
Single Family
Built in 1900
2,178 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
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Listed by: Nikki King • King Realty, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202509528
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.