1765 W 500 SPleasant LakeIN46779
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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 Pleasant Lake at 1765 W 500 S, Pleasant Lake, IN, 46779 offers a 13.08% rental yield on a $184,000 purchase with $2,005/mo rent. Total monthly income registers $2,005/mo, and a $901/mo payment leaves $900/mo available for distribution. Annual cash flow reaches $10,801/yr on $60,996 to close, and return on cash invested stands at 37.62% in year one. Equity gained on principal adds $1,187/yr while 5% annual appreciation supports $50,836 over five years. Portfolio math shows five-year ROI at 197.64% and total cumulative return in cash at $120,553. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,005/mo property income against a $901/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
3.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46779, Pleasant Lake, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 906 (100%) |
| Owner Occupied HU | 632 (69.8%) |
| Renter Occupied HU | 96 (10.6%) |
| Vacant Housing Units | 178 (19.6%) |
| Median Home Value | $266,379 |
| Average Home Value | $297,441 |
Housing Distribution
Address Breakdown
Residential
740
Single Family
740
Multi-Family
0
Businesses
20
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Listed by: Virgen Morales • Lewis & Lambright Inc
Mls Name: IRMLS
Mls Provider:
Mls ID: #202526071
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.