126 N Harrison AveGoodlandIN47948
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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 Goodland at 126 N Harrison Ave, Goodland, IN, 47948 priced at $128,000 converts $1,358/mo rent into $590/mo cash flow after a $627/mo obligation. Total monthly income equals $1,358/mo, and annual cash flow totals $7,082/yr on $42,432 invested. Return on cash invested prints 36.6% in year one, and rental yield reads 12.73% against a $128,000 entry. Equity gained on principal adds $826/yr, while 5% annual appreciation compiles into $35,364 by year five. Five-year ROI reaches 192.22% and total cumulative return in cash sums $81,563. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,358/mo property income covering a $627/mo payment, not borrower’s personal income.
Single Family
Built in 1910
0.29 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: #821913
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.