204 S Main StSouth WhitleyIN46787
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 South Whitley at 204 S Main St, South Whitley, IN, 46787 earns $330/mo cash flow from $1,202/mo rent with a $711/mo payment. Total monthly income totals $1,202/mo, and annual cash flow totals $3,960/yr on $48,167 capital. ROI tracks 28.13% on current figures, and rental yield reads 9.93% at a $145,300 purchase. Equity gained on principal adds $938/yr, and 5% annual appreciation supports $40,144 over five years. Five-year ROI reaches 146.68% and total cumulative return in cash sums $70,650. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,202/mo property income instead of your personal income.
Single Family
Built in 1880
4,736 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46787, South Whitley, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,596 (100%) |
| Owner Occupied HU | 1,266 (79.3%) |
| Renter Occupied HU | 261 (16.4%) |
| Vacant Housing Units | 69 ( 4.3%) |
| Median Home Value | $191,438 |
| Average Home Value | $235,302 |
Housing Distribution
Address Breakdown
Residential
1,589
Single Family
1,589
Multi-Family
0
Businesses
83
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A