12217 Bay Heights BlvdGrabillIN46741
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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 Grabill at 12217 Bay Heights Blvd, Grabill, IN, 46741 offers a 9.68% rental yield on a $610,000 purchase with $4,920/mo rent. Total monthly income registers $4,920/mo, and a $2,986/mo payment leaves $1,233/mo available for distribution. Annual cash flow reaches $14,795/yr on $200,690 to close, and return on cash invested stands at 27.43% in year one. Equity gained on principal adds $3,936/yr while 5% annual appreciation supports $168,532 over five years. Portfolio math shows five-year ROI at 142.95% and total cumulative return in cash at $286,891. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,920/mo property income against a $2,986/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1993
0.47 Acres lot
$N/A/sqft
$300 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46741, Grabill, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,486 (100%) |
| Owner Occupied HU | 1,228 (82.6%) |
| Renter Occupied HU | 178 (12.0%) |
| Vacant Housing Units | 80 ( 5.4%) |
| Median Home Value | $329,618 |
| Average Home Value | $361,042 |
Housing Distribution
Address Breakdown
Residential
1,124
Single Family
1,124
Multi-Family
0
Businesses
115
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Listed by: Jason Fazio • eXp Realty, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202522494
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.