12244 Lake Geneva Rd, Vevay, IN, 47043 | 6.41% Rental Yield

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12244 Lake Geneva Rd, Vevay, IN, 47043 | 6.41% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Vevay at 12244 Lake Geneva Rd, Vevay, IN, 47043 generates $1,282/mo in rent, after a $1,174/mo payment. Total monthly income is $1,282/mo. Return on cash invested sits at 17.53% in year one, and rental yield is 6.41% on a $239,900 entry. Equity gained on principal adds $1,548/yr, while 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 89.87% and total cumulative return in cash sums $71,467. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,282/mo property income rather than buyer’s personal income.

Single Family

Built in 1973

1.61 Acres lot

$N/A/sqft

No HOA

More details about the property

Quiet country living in this 2 bed 2 bath modular. Sitting on 1.6 acres, this property is surrounded by beautiful farmland. The home has had many updates recently including bathrooms, kitchen, laundry room remodels. The heating and cooling system has been updated with new mini splits and a new rear deck has been built to relax on. Outside you will find a front porch, nice landscaping and a pole barn garage. The property also has some fruit trees, including apple and pear. This home has been in the same family for over 40 years, come make your memories here!

Neighborhood Data

Neighborhood data shown for ZIP Code: 47043, Vevay, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,458 (100%)
Owner Occupied HU	1,489 (60.6%)
Renter Occupied HU	640 (26.0%)
Vacant Housing Units	329 (13.4%)
Median Home Value	$227,024
Average Home Value	$260,406