119 S Alfonte StIngallsIN46048
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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
Rental property for sale in Ingalls at 119 S Alfonte St, Ingalls, IN, 46048 offers $1,175/mo rent that, after a $734/mo payment, leaves $275/mo cash flow. Total monthly income is $1,175/mo, and annual cash flow is $3,298/yr on $49,692 cash. Return on cash invested measures 26.55% in year one, and rental yield stands at 9.41% at a $149,900 entry. Equity gained on principal adds $967/yr while 5% annual appreciation compounds into $41,415 by year five. Five-year ROI records 138.2% and total cumulative return in cash reaches $68,675. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,175/mo property income versus a $734/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1975
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46048, Ingalls, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 759 (100%) |
| Owner Occupied HU | 603 (79.4%) |
| Renter Occupied HU | 118 (15.5%) |
| Vacant Housing Units | 38 ( 5.0%) |
| Median Home Value | $209,949 |
| Average Home Value | $246,874 |
Housing Distribution
Address Breakdown
Residential
700
Single Family
700
Multi-Family
0
Businesses
21
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