1217 Park Meadows DrGoshenIN46526
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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
Rental property for sale in Goshen at 1217 Park Meadows Dr, Goshen, IN, 46526 generates $1,997/mo in rent and, after a $1,394/mo payment, leaves $287/mo in cash flow. Total monthly income is $1,997/mo, and annual cash flow is $3,447/yr on $94,444 invested. Return on cash invested sits at 23.56% in year one, and rental yield is 8.41% on a $284,900 entry. Equity gained on principal adds $1,838/yr, while 5% annual appreciation builds toward $78,713 over five years. Five-year ROI reaches 122.2% and total cumulative return in cash sums $115,415. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,997/mo property income rather than buyer’s personal income.
Single Family
Built in 2015
6,046 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46526, Goshen, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,063 (100%) |
| Owner Occupied HU | 8,487 (65.0%) |
| Renter Occupied HU | 3,852 (29.5%) |
| Vacant Housing Units | 724 ( 5.5%) |
| Median Home Value | $226,148 |
| Average Home Value | $269,072 |
Housing Distribution
Address Breakdown
Residential
12,628
Single Family
11,718
Multi-Family
910
Businesses
830
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