19865 Meadow Ridge DrGoshenIN46526
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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 Goshen at 19865 Meadow Ridge Dr, Goshen, IN, 46526 listed at $220,000 pairs $1,747/mo rent with a $1,077/mo payment to leave $426/mo cash flow. Total monthly income runs $1,747/mo, and annual cash flow reaches $5,114/yr on $72,930 cash to close. Return on cash invested measures 26.92% in year one, and rental yield registers 9.53% at a $220,000 basis. Equity gained on principal adds $1,420/yr, and annual property appreciation at 5% supports $60,782 by year five. Five-year ROI tracks 140.25% and total cumulative return in cash totals $102,287. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,747/mo property income relative to a $1,077/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1973
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46526, Goshen, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,063 (100%) |
| Owner Occupied HU | 8,487 (65.0%) |
| Renter Occupied HU | 3,852 (29.5%) |
| Vacant Housing Units | 724 ( 5.5%) |
| Median Home Value | $226,148 |
| Average Home Value | $269,072 |
Housing Distribution
Address Breakdown
Residential
12,628
Single Family
11,718
Multi-Family
910
Businesses
830
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Listed by: Reyna Benitez • Cressy & Everett - South Bend
Mls Name: IRMLS
Mls Provider:
Mls ID: #202442694
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.