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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Elkhart at 1720 New York, Elkhart, IN, 46514 listed at $117,500 pairs $895/mo rent with a $575/mo payment to leave $190/mo cash flow. Total monthly income runs $895/mo, and annual cash flow reaches $2,277/yr on $38,951 cash to close. Return on cash invested measures 25.76% in year one, and rental yield registers 9.14% at a $117,500 basis. Equity gained on principal adds $758/yr, and annual property appreciation at 5% supports $32,463 by year five. Five-year ROI tracks 133.96% and total cumulative return in cash totals $52,178. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $895/mo property income relative to a $575/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1997
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46514, Elkhart, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,284 (100%) |
| Owner Occupied HU | 11,774 (64.4%) |
| Renter Occupied HU | 5,434 (29.7%) |
| Vacant Housing Units | 1,076 ( 5.9%) |
| Median Home Value | $219,702 |
| Average Home Value | $252,263 |
Residential
17,694
Single Family
16,264
Multi-Family
1,430
Businesses
1,341
Date | Event | Price |
|---|---|---|
| 2025-12-19 | Listed for sale | $117,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: N/A • UMH Properties, Inc.
Mls Name: UMH Properties Inc
Mls Provider:
Mls ID: #N/A
