2005 Glendarin WayAngolaIN46703
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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 2005 Glendarin Way, Angola, IN, 46703 offers $1,350/mo rent that, after a $2,557/mo payment. Total monthly income is $1,350/mo. Return on cash invested measures 7.59% in year one, and rental yield stands at 3.1% at a $522,500 entry. Equity gained on principal adds $3,372/yr while 5% annual appreciation compounds into $144,357 by year five. Five-year ROI records 36.5% and total cumulative return in cash reaches $62,752. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,350/mo property income versus a $2,557/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2024
0.50 Acres lot
$N/A/sqft
No 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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