1722 Fortino Ct, Elkhart, IN, 46514 | $552/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1722 Fortino Ct, Elkhart, IN, 46514 | $552/mo Cash Flow | Ziffy

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 Elkhart at 1722 Fortino Ct, Elkhart, IN, 46514 generates $1,585/mo in rent and, after a $842/mo payment, leaves $552/mo in cash flow. Total monthly income is $1,585/mo, and annual cash flow is $6,628/yr on $57,018 invested. Return on cash invested sits at 31.53% in year one, and rental yield is 11.06% on a $172,000 entry. Equity gained on principal adds $1,110/yr, while 5% annual appreciation builds toward $47,520 over five years. Five-year ROI reaches 164.98% and total cumulative return in cash sums $94,069. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,585/mo property income rather than buyer’s personal income.

Townhouse

Built in 1984

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to this beautifully refreshed 2-bedroom, 1.5-bath condo in the highly desirable Walnut Trails community on Elkharts north side. The kitchen shines with newer stainless steel appliances, updated countertops, fresh paint and new flooring. It creates a clean, modern feel. The full bathroom has been tastefully updated with a stylish barn door and a walk-in shower that is functional and on trend. The mostly finished basement is perfect for a home office, workout space, or cozy hangout area. Step outside to your private fenced patio, ideal for relaxing or entertaining. Additional features include an attached one-car garage, new washer/dryer and a designated dining area. The $160 monthly condo fee covers exterior maintenance, lawn care, snow removal, water, and trash, giving you the freedom to enjoy low-maintenance living at its best. All this in a peaceful, well-maintained community close to Walker Park, grocery, and quick interstate access. So much newness theres truly nothing to do but move in.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46514, Elkhart, IN area.

Housing Distribution

Housing Statistics

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