1437 Clover Creek LnGoshenIN46526
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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 Goshen at 1437 Clover Creek Ln, Goshen, IN, 46526 generates $1,358/mo in rent, after a $1,101/mo payment. Total monthly income is $1,358/mo. Return on cash invested sits at 18.91% in year one, and rental yield is 7.24% on a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 97.65% and total cumulative return in cash sums $72,837. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,358/mo property income rather than buyer’s personal income.
Condo
Built in 2002
3,049 sqft lot
$N/A/sqft
$70 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46526, Goshen, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,063 (100%) |
| Owner Occupied HU | 8,487 (65.0%) |
| Renter Occupied HU | 3,852 (29.5%) |
| Vacant Housing Units | 724 ( 5.5%) |
| Median Home Value | $226,148 |
| Average Home Value | $269,072 |
Housing Distribution
Address Breakdown
Residential
12,628
Single Family
11,718
Multi-Family
910
Businesses
830
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Listed by: Jeff W Birky • Berkshire Hathaway HomeServices Goshen
Mls Name: IRMLS
Mls Provider:
Mls ID: #202443392
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.