203 Sargent StKendallvilleIN46755
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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 Kendallville at 203 Sargent St, Kendallville, IN, 46755 offers $2,422/mo rent that, after a $1,468/mo payment, leaves $622/mo cash flow. Total monthly income is $2,422/mo, and annual cash flow is $7,459/yr on $99,417 cash. Return on cash invested measures 27.41% in year one, and rental yield stands at 9.69% at a $299,900 entry. Equity gained on principal adds $1,935/yr while 5% annual appreciation compounds into $82,857 by year five. Five-year ROI records 142.85% and total cumulative return in cash reaches $142,012. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,422/mo property income versus a $1,468/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46755, Kendallville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,806 (100%) |
| Owner Occupied HU | 4,479 (65.8%) |
| Renter Occupied HU | 1,833 (26.9%) |
| Vacant Housing Units | 494 ( 7.3%) |
| Median Home Value | $205,982 |
| Average Home Value | $263,814 |
Housing Distribution
Address Breakdown
Residential
6,412
Single Family
6,211
Multi-Family
201
Businesses
547
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Listed by: Brandi Blankenship • Hosler Realty Inc - Kendallville
Mls Name: IRMLS
Mls ID: #202535063