1903 Kulp AveElkhartIN46517
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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 Elkhart at 1903 Kulp Ave, Elkhart, IN, 46517 listed at $269,500 pairs $2,633/mo rent with a $1,319/mo payment to leave $1,015/mo cash flow. Total monthly income runs $2,633/mo, and annual cash flow reaches $12,184/yr on $89,339 cash to close. Return on cash invested measures 33.55% in year one, and rental yield registers 11.72% at a $269,500 basis. Equity gained on principal adds $1,739/yr, and annual property appreciation at 5% supports $74,458 by year five. Five-year ROI tracks 175.76% and total cumulative return in cash totals $157,020. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,633/mo property income relative to a $1,319/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1997
8,581 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46517, Elkhart, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,200 (100%) |
| Owner Occupied HU | 5,614 (61.0%) |
| Renter Occupied HU | 3,089 (33.6%) |
| Vacant Housing Units | 497 ( 5.4%) |
| Median Home Value | $214,555 |
| Average Home Value | $266,234 |
Housing Distribution
Address Breakdown
Residential
9,030
Single Family
7,959
Multi-Family
1,071
Businesses
580
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