1925 N B StElwoodIN46036
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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 Elwood at 1925 N B St, Elwood, IN, 46036 uses $57,184 cash to close to unlock $3,610/yr annual cash flow and $301/mo monthly cash flow. Total monthly income runs $1,336/mo, and a $844/mo payment keeps the spread at $301/mo. Purchase price stands at $172,500, and rental yield measures 9.29% with $1,336/mo rent. Return on cash invested shows 26.22% in year one, and 5% annual appreciation builds toward $47,659 over five years. Five-year ROI reaches 136.45% and total cumulative return in cash records $78,026. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,336/mo property income covering a $844/mo payment rather than investor’s personal income.
Single Family
Built in 1930
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46036, Elwood, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,548 (100%) |
| Owner Occupied HU | 3,484 (62.8%) |
| Renter Occupied HU | 1,409 (25.4%) |
| Vacant Housing Units | 655 (11.8%) |
| Median Home Value | $163,312 |
| Average Home Value | $204,644 |
Housing Distribution
Address Breakdown
Residential
5,172
Single Family
4,951
Multi-Family
221
Businesses
314
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Listed by: Erin Phillips • RE/MAX Real Estate Groups
Mls Name: IRMLS
Mls Provider:
Mls ID: #202522970
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.