2 Blue River DrColumbia CityIN46725
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
Rental property for sale in Columbia City at 2 Blue River Dr, Columbia City, IN, 46725 priced at $229,900 pairs $1,807/mo rent with $427/mo cash flow after a $1,125/mo payment. Total monthly income equals $1,807/mo, and annual cash flow comes to $5,126/yr on $76,212 invested. Return on cash invested is 26.64% in year one, and rental yield stands at 9.43% on a $229,900 basis. Equity gained on principal adds $1,484/yr, and 5% annual appreciation accumulates to $63,517 by year five. Five-year ROI measures 138.72% and total cumulative return in cash reaches $105,719. For financing, Ziffy Mortgage’s DSCR program evaluates $1,807/mo property income against a $1,125/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1961
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46725, Columbia City, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,000 (100%) |
| Owner Occupied HU | 8,209 (74.6%) |
| Renter Occupied HU | 2,037 (18.5%) |
| Vacant Housing Units | 754 ( 6.9%) |
| Median Home Value | $235,679 |
| Average Home Value | $280,163 |
Housing Distribution
Address Breakdown
Residential
10,474
Single Family
10,069
Multi-Family
405
Businesses
694
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ben Craver • CENTURY 21 Bradley Realty, Inc
Mls Name: IRMLS
Mls ID: #202535305