1624 S J StElwoodIN46036
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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
Investment property for sale in Elwood at 1624 S J St, Elwood, IN, 46036 earns $259/mo cash flow from $1,039/mo rent with a $636/mo payment. Total monthly income totals $1,039/mo, and annual cash flow totals $3,107/yr on $43,095 capital. ROI tracks 27.12% on current figures, and rental yield reads 9.59% at a $130,000 purchase. Equity gained on principal adds $839/yr, and 5% annual appreciation supports $35,917 over five years. Five-year ROI reaches 141.24% and total cumulative return in cash sums $60,867. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,039/mo property income instead of your personal income.
Multi Family
Built in 1890
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46036, Elwood, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,548 (100%) |
| Owner Occupied HU | 3,484 (62.8%) |
| Renter Occupied HU | 1,409 (25.4%) |
| Vacant Housing Units | 655 (11.8%) |
| Median Home Value | $163,312 |
| Average Home Value | $204,644 |
Housing Distribution
Address Breakdown
Residential
5,172
Single Family
4,951
Multi-Family
221
Businesses
314
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