11904 N State Road 3KendallvilleIN46755
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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 11904 N State Road 3, Kendallville, IN, 46755 earns $209/mo cash flow from $1,319/mo rent with a $905/mo payment. Total monthly income totals $1,319/mo, and annual cash flow totals $2,509/yr on $61,294 capital. ROI tracks 24% on current figures, and rental yield reads 8.56% at a $184,900 purchase. Equity gained on principal adds $1,193/yr, and 5% annual appreciation supports $51,084 over five years. Five-year ROI reaches 124.62% and total cumulative return in cash sums $76,387. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,319/mo property income instead of your personal income.
Single Family
Built in 1966
0.63 Acres 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: Jay Price • Mike Thomas Assoc., Inc
Mls Name: IRMLS
Mls ID: #202529294