20 Cobblestone BlvdGas CityIN46933
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 Gas City at 20 Cobblestone Blvd, Gas City, IN, 46933 generates $1,928/mo in rent and, after a $1,199/mo payment, leaves $458/mo in cash flow. Total monthly income is $1,928/mo, and annual cash flow is $5,491/yr on $81,184 invested. Return on cash invested sits at 26.67% in year one, and rental yield is 9.45% on a $244,900 entry. Equity gained on principal adds $1,580/yr, while 5% annual appreciation builds toward $67,661 over five years. Five-year ROI reaches 138.87% and total cumulative return in cash sums $112,745. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,928/mo property income rather than buyer’s personal income.
Condo
Built in 2007
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46933, Gas City, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,947 (100%) |
| Owner Occupied HU | 1,943 (65.9%) |
| Renter Occupied HU | 776 (26.3%) |
| Vacant Housing Units | 228 ( 7.7%) |
| Median Home Value | $124,795 |
| Average Home Value | $191,109 |
Housing Distribution
Address Breakdown
Residential
2,829
Single Family
2,760
Multi-Family
69
Businesses
247
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices