124 W Columbia StFloraIN46929
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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 Flora at 124 W Columbia St, Flora, IN, 46929 priced at $268,900 converts $2,460/mo rent into $846/mo cash flow after a $1,316/mo obligation. Total monthly income equals $2,460/mo, and annual cash flow totals $10,152/yr on $89,140 invested. Return on cash invested prints 31.3% in year one, and rental yield reads 10.98% against a $268,900 entry. Equity gained on principal adds $1,735/yr, while 5% annual appreciation compiles into $74,292 by year five. Five-year ROI reaches 163.65% and total cumulative return in cash sums $145,876. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,460/mo property income covering a $1,316/mo payment, not borrower’s personal income.
Single Family
Built in 1900
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46929, Flora, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,414 (100%) |
| Owner Occupied HU | 1,005 (71.1%) |
| Renter Occupied HU | 315 (22.3%) |
| Vacant Housing Units | 94 ( 6.6%) |
| Median Home Value | $183,468 |
| Average Home Value | $226,652 |
Housing Distribution
Address Breakdown
Residential
1,365
Single Family
1,274
Multi-Family
91
Businesses
135
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