156 W Centennial StNappaneeIN46550
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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 Nappanee at 156 W Centennial St, Nappanee, IN, 46550 priced at $236,900 converts $1,992/mo rent into $569/mo cash flow after a $1,160/mo obligation. Total monthly income equals $1,992/mo, and annual cash flow totals $6,833/yr on $78,532 invested. Return on cash invested prints 28.61% in year one, and rental yield reads 10.09% against a $236,900 entry. Equity gained on principal adds $1,529/yr, while 5% annual appreciation compiles into $65,451 by year five. Five-year ROI reaches 149.31% and total cumulative return in cash sums $117,253. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,992/mo property income covering a $1,160/mo payment, not borrower’s personal income.
Single Family
Built in 1910
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46550, Nappanee, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,876 (100%) |
| Owner Occupied HU | 3,359 (68.9%) |
| Renter Occupied HU | 1,222 (25.1%) |
| Vacant Housing Units | 295 ( 6.1%) |
| Median Home Value | $271,504 |
| Average Home Value | $301,080 |
Housing Distribution
Address Breakdown
Residential
4,679
Single Family
4,518
Multi-Family
161
Businesses
386
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