2007 Wakefield RdGoshenIN46528
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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 Goshen at 2007 Wakefield Rd, Goshen, IN, 46528 generates $2,768/mo in rent and, after a $1,498/mo payment, leaves $922/mo in cash flow. Total monthly income is $2,768/mo, and annual cash flow is $11,060/yr on $101,439 invested. Return on cash invested sits at 30.81% in year one, and rental yield is 10.85% on a $306,000 entry. Equity gained on principal adds $1,975/yr, while 5% annual appreciation builds toward $84,542 over five years. Five-year ROI reaches 161.11% and total cumulative return in cash sums $163,428. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,768/mo property income rather than buyer’s personal income.
Single Family
Built in 2021
6,534 sqft lot
$N/A/sqft
$110 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46528, Goshen, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,790 (100%) |
| Owner Occupied HU | 6,873 (70.2%) |
| Renter Occupied HU | 2,374 (24.2%) |
| Vacant Housing Units | 543 ( 5.5%) |
| Median Home Value | $260,185 |
| Average Home Value | $319,983 |
Housing Distribution
Address Breakdown
Residential
9,047
Single Family
9,013
Multi-Family
34
Businesses
419
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Listed by: Mary L Dale • Coldwell Banker Real Estate Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202517368
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.