127 Parker AveElkhartIN46516
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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 Elkhart at 127 Parker Ave, Elkhart, IN, 46516 generates $2,366/mo in rent and, after a $949/mo payment, leaves $1,202/mo in cash flow. Total monthly income is $2,366/mo, and annual cash flow is $14,425/yr on $64,278 invested. Return on cash invested sits at 42.35% in year one, and rental yield is 14.64% on a $193,900 entry. Equity gained on principal adds $1,251/yr, while 5% annual appreciation builds toward $53,571 over five years. Five-year ROI reaches 223.02% and total cumulative return in cash sums $143,353. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,366/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46516, Elkhart, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,463 (100%) |
| Owner Occupied HU | 7,221 (53.6%) |
| Renter Occupied HU | 5,279 (39.2%) |
| Vacant Housing Units | 963 ( 7.2%) |
| Median Home Value | $172,789 |
| Average Home Value | $240,548 |
Housing Distribution
Address Breakdown
Residential
13,032
Single Family
11,652
Multi-Family
1,380
Businesses
1,157
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