1909 Grover StElkhartIN46514
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1909 Grover St, Elkhart, IN, 46514 at $137,000 posts ROI 50.27% with $1,149/mo cash flow from $1,972/mo rent. Total monthly income equals $1,972/mo, and annual cash flow records $13,790/yr on $45,416 to close. Return on cash invested measures 50.27% and rental yield reads 17.27% at the current $137,000. Equity gained on principal adds $884/yr, and 5% annual appreciation supports $37,851 by year five. Five-year ROI prints 265.51% and total cumulative return in cash totals $120,580.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,972/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Manufactured
Built in 1996
8,276 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
17,694
Single Family
16,264
Multi-Family
1,430
Businesses
1,341
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jennea Schirr • McKinnies Realty, LLC Elkhart
Mls Name: IRMLS
Mls Provider:
Mls ID: #202518276
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.