200 Johnson StElkhartIN46516
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
Investment property for sale in Elkhart at 200 Johnson St, Elkhart, IN, 46516 uses $63,648 cash to close to unlock $6,854/yr annual cash flow and $571/mo monthly cash flow. Total monthly income runs $1,724/mo, and a $940/mo payment keeps the spread at $571/mo. Purchase price stands at $192,000, and rental yield measures 10.78% with $1,724/mo rent. Return on cash invested shows 30.68% in year one, and 5% annual appreciation builds toward $53,046 over five years. Five-year ROI reaches 160.4% and total cumulative return in cash records $102,088. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,724/mo property income covering a $940/mo payment rather than investor’s personal income.
Single Family
Built in 1949
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46516, Elkhart, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,463 (100%) |
| Owner Occupied HU | 7,221 (53.6%) |
| Renter Occupied HU | 5,279 (39.2%) |
| Vacant Housing Units | 963 ( 7.2%) |
| Median Home Value | $172,789 |
| Average Home Value | $240,548 |
Housing Distribution
Address Breakdown
Residential
13,032
Single Family
11,652
Multi-Family
1,380
Businesses
1,157
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jennea Schirr • McKinnies Realty, LLC Elkhart
Mls Name: IRMLS
Mls Provider:
Mls ID: #202521164
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.