1869 Rolling Meadows DrWestvilleIN46391
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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 Westville at 1869 Rolling Meadows Dr, Westville, IN, 46391 uses $135,584 cash to close to unlock $16,736/yr annual cash flow and $1,395/mo monthly cash flow. Total monthly income runs $3,850/mo, and a $2,002/mo payment keeps the spread at $1,395/mo. Purchase price stands at $409,000, and rental yield measures 11.3% with $3,850/mo rent. Return on cash invested shows 32.25% in year one, and 5% annual appreciation builds toward $112,999 over five years. Five-year ROI reaches 168.8% and total cumulative return in cash records $228,861. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,850/mo property income covering a $2,002/mo payment rather than investor’s personal income.
Single Family
Built in 2017
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46391, Westville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,666 (100%) |
| Owner Occupied HU | 2,138 (80.2%) |
| Renter Occupied HU | 320 (12.0%) |
| Vacant Housing Units | 208 ( 7.8%) |
| Median Home Value | $282,919 |
| Average Home Value | $313,773 |
Housing Distribution
Address Breakdown
Residential
2,427
Single Family
2,197
Multi-Family
230
Businesses
109
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Listed by: Deborah Vance • Weichert Realtors, Merrion Gro
Mls Name: NIRA
Mls Provider:
Mls ID: #812832
Disclaimer: Copyright 2024 MuItiple Listing Service of the Northwest Indiana REALTORS Association, Inc. All rights reserved. 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.