13873 Pleasant Grove Rd, Canaan, IN, 47224 | 6.11% Rental Yield

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 Canaan at 13873 Pleasant Grove Rd, Canaan, IN, 47224 generates $1,782/mo in rent, after a $1,713/mo payment. Total monthly income is $1,782/mo. Return on cash invested sits at 16.61% in year one, and rental yield is 6.11% on a $349,900 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 84.94% and total cumulative return in cash sums $98,526. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,782/mo property income rather than buyer’s personal income.

Single Family

Built in 2022

5.29 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 47224, Canaan, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	241 (100%)
Owner Occupied HU	182 (75.5%)
Renter Occupied HU	30 (12.4%)
Vacant Housing Units	29 (12.0%)
Median Home Value	$270,690
Average Home Value	$276,442