1401 E Orchard DrNorth ManchesterIN46962
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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 North Manchester at 1401 E Orchard Dr, North Manchester, IN, 46962 generates $2,378/mo in rent and, after a $1,451/mo payment, leaves $598/mo in cash flow. Total monthly income is $2,378/mo, and annual cash flow is $7,181/yr on $98,290 invested. Return on cash invested sits at 27.21% in year one, and rental yield is 9.62% on a $296,500 entry. Equity gained on principal adds $1,913/yr, while 5% annual appreciation builds toward $81,917 over five years. Five-year ROI reaches 141.8% and total cumulative return in cash sums $139,373. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,378/mo property income rather than buyer’s personal income.
Single Family
Built in 1957
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46962, North Manchester, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,818 (100%) |
| Owner Occupied HU | 2,537 (66.4%) |
| Renter Occupied HU | 941 (24.6%) |
| Vacant Housing Units | 340 ( 8.9%) |
| Median Home Value | $169,696 |
| Average Home Value | $234,758 |
Housing Distribution
Address Breakdown
Residential
3,480
Single Family
3,416
Multi-Family
64
Businesses
281
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Listed by: Valerie Boyd • Wander Home Realty, LLC
Mls Name: IRMLS
Mls ID: #202546687