1897 E Bair RdColumbia CityIN46725
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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
Rental property for sale in Columbia City at 1897 E Bair Rd, Columbia City, IN, 46725 priced at $634,900 pairs $3,254/mo rent with after a $3,108/mo payment. Total monthly income equals $3,254/mo. Return on cash invested is 16.86% in year one, and rental yield stands at 6.15% on a $634,900 basis. Equity gained on principal adds $4,097/yr, and 5% annual appreciation accumulates to $175,411 by year five. Five-year ROI measures 86.21% and total cumulative return in cash reaches $180,073. For financing, Ziffy Mortgage’s DSCR program evaluates $3,254/mo property income against a $3,108/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2008
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46725, Columbia City, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,000 (100%) |
| Owner Occupied HU | 8,209 (74.6%) |
| Renter Occupied HU | 2,037 (18.5%) |
| Vacant Housing Units | 754 ( 6.9%) |
| Median Home Value | $235,679 |
| Average Home Value | $280,163 |
Housing Distribution
Address Breakdown
Residential
10,474
Single Family
10,069
Multi-Family
405
Businesses
694
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Listed by: Adam Ertel • Coldwell Banker Real Estate Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202516734
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.