204 N Front StNorth ManchesterIN46962
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 North Manchester at 204 N Front St, North Manchester, IN, 46962 offers $1,132/mo rent that, after a $710/mo payment, leaves $261/mo cash flow. Total monthly income is $1,132/mo, and annual cash flow is $3,135/yr on $48,068 cash. Return on cash invested measures 26.43% in year one, and rental yield stands at 9.37% at a $145,000 entry. Equity gained on principal adds $936/yr while 5% annual appreciation compounds into $40,061 by year five. Five-year ROI records 137.67% and total cumulative return in cash reaches $66,176. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,132/mo property income versus a $710/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46962, North Manchester, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,818 (100%) |
| Owner Occupied HU | 2,537 (66.4%) |
| Renter Occupied HU | 941 (24.6%) |
| Vacant Housing Units | 340 ( 8.9%) |
| Median Home Value | $169,696 |
| Average Home Value | $234,758 |
Housing Distribution
Address Breakdown
Residential
3,480
Single Family
3,416
Multi-Family
64
Businesses
281
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Listed by: Lori Siders • Siders Premiere Properties, LLC
Mls Name: IRMLS
Mls ID: #202549703