13721 State StGrabillIN46741
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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 13721 State St, Grabill, IN, 46741 uses $71,239 cash to close to unlock $9,226/yr annual cash flow and $769/mo monthly cash flow. Total monthly income runs $2,059/mo, and a $1,052/mo payment keeps the spread at $769/mo. Purchase price stands at $214,900, and rental yield measures 11.5% with $2,059/mo rent. Return on cash invested shows 32.86% in year one, and 5% annual appreciation builds toward $59,373 over five years. Five-year ROI reaches 172.06% and total cumulative return in cash records $122,574. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,059/mo property income covering a $1,052/mo payment rather than investor’s personal income.
Single Family
Built in 1902
7,601 sqft lot
$N/A/sqft
No 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: Martin Brandenberger • Coldwell Banker Real Estate Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202521968
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.