1442 N County Line RdMichigan CityIN46360
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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 Michigan City at 1442 N County Line Rd, Michigan City, IN, 46360 priced at $450,000 converts $3,620/mo rent into $918/mo cash flow after a $2,203/mo obligation. Total monthly income equals $3,620/mo, and annual cash flow totals $11,019/yr on $149,175 invested. Return on cash invested prints 27.3% in year one, and rental yield reads 9.65% against a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation compiles into $124,327 by year five. Five-year ROI reaches 142.23% and total cumulative return in cash sums $212,178. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,620/mo property income covering a $2,203/mo payment, not borrower’s personal income.
Single Family
Built in 1976
12.02 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46360, Michigan City, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,591 (100%) |
| Owner Occupied HU | 11,713 (54.2%) |
| Renter Occupied HU | 6,451 (29.9%) |
| Vacant Housing Units | 3,427 (15.9%) |
| Median Home Value | $182,550 |
| Average Home Value | $260,534 |
Housing Distribution
Address Breakdown
Residential
19,767
Single Family
17,144
Multi-Family
2,623
Businesses
1,421
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Listed by: Zane Galloway • Coldwell Banker Realty
Mls Name: NIRA
Mls Provider:
Mls ID: #817679
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