1935 Nolan Meadows RunAngolaIN46703
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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 Angola at 1935 Nolan Meadows Run, Angola, IN, 46703 priced at $265,000 converts $2,288/mo rent into $679/mo cash flow after a $1,297/mo obligation. Total monthly income equals $2,288/mo, and annual cash flow totals $8,148/yr on $87,848 invested. Return on cash invested prints 29.18% in year one, and rental yield reads 10.36% against a $265,000 entry. Equity gained on principal adds $1,710/yr, while 5% annual appreciation compiles into $73,215 by year five. Five-year ROI reaches 152.42% and total cumulative return in cash sums $133,899. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,288/mo property income covering a $1,297/mo payment, not borrower’s personal income.
Single Family
Built in 2018
8,276 sqft lot
$N/A/sqft
$220 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46703, Angola, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,798 (100%) |
| Owner Occupied HU | 5,429 (55.4%) |
| Renter Occupied HU | 2,052 (20.9%) |
| Vacant Housing Units | 2,317 (23.6%) |
| Median Home Value | $272,006 |
| Average Home Value | $345,110 |
Housing Distribution
Address Breakdown
Residential
7,691
Single Family
7,223
Multi-Family
468
Businesses
858
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Listed by: Brad Rummel • Rock Solid Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202436701
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.