1406 W Orchard DrNorth ManchesterIN46962
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1406 W Orchard Dr, North Manchester, IN, 46962 generates $2,124/mo in rent and, after a $1,076/mo payment, leaves $804/mo in cash flow. Total monthly income is $2,124/mo, and annual cash flow is $9,651/yr on $72,897 invested. Return on cash invested sits at 33.15% in year one, and rental yield is 11.59% on a $219,900 entry. Equity gained on principal adds $1,419/yr, while 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 173.63% and total cumulative return in cash sums $126,568. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,124/mo property income rather than buyer’s personal income.
Single Family
Built in 1971
0.32 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kari Airgood • Manchester Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202523738
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.