1540 S 485 E, Lagrange, IN, 46761 | 4.54% 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 Lagrange at 1540 S 485 E, Lagrange, IN, 46761 generates $1,325/mo in rent, after a $1,713/mo payment. Total monthly income is $1,325/mo. Return on cash invested sits at 11.88% in year one, and rental yield is 4.54% on a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 59.59% and total cumulative return in cash sums $69,134. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,325/mo property income rather than buyer’s personal income.

Single Family

Built in 1996

0.55 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 46761, Lagrange, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,525 (100%)
Owner Occupied HU	3,229 (71.4%)
Renter Occupied HU	806 (17.8%)
Vacant Housing Units	490 (10.8%)
Median Home Value	$277,128
Average Home Value	$348,306