121 N Benton StGoodlandIN47948
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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 Goodland at 121 N Benton St, Goodland, IN, 47948 offers a 11.08% rental yield on a $165,000 purchase with $1,523/mo rent. Total monthly income registers $1,523/mo, and a $808/mo payment leaves $532/mo available for distribution. Annual cash flow reaches $6,385/yr on $54,698 to close, and return on cash invested stands at 31.58% in year one. Equity gained on principal adds $1,065/yr while 5% annual appreciation supports $45,586 over five years. Portfolio math shows five-year ROI at 165.29% and total cumulative return in cash at $90,407. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,523/mo property income against a $808/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47948, Goodland, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 578 (100%) |
| Owner Occupied HU | 385 (66.6%) |
| Renter Occupied HU | 137 (23.7%) |
| Vacant Housing Units | 56 ( 9.7%) |
| Median Home Value | $152,961 |
| Average Home Value | $175,396 |
Housing Distribution
Address Breakdown
Residential
481
Single Family
457
Multi-Family
24
Businesses
40
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Listed by: Trisha Potts • RE/MAX Executives
Mls Name: NIRA
Mls Provider:
Mls ID: #825968
Disclaimer: Copyright 2025 MuItiple Listing Service of the Northwest Indiana REALTORS Association, Inc. All rights reserved. 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.