205 E High 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 205 E High St, Kendallville, IN, 46755 priced at $152,900 pairs $1,316/mo rent with $399/mo cash flow after a $748/mo payment. Total monthly income equals $1,316/mo, and annual cash flow comes to $4,782/yr on $50,686 invested. Return on cash invested is 29.34% in year one, and rental yield stands at 10.33% on a $152,900 basis. Equity gained on principal adds $987/yr, and 5% annual appreciation accumulates to $42,243 by year five. Five-year ROI measures 153.23% and total cumulative return in cash reaches $77,668. For financing, Ziffy Mortgage’s DSCR program evaluates $1,316/mo property income against a $748/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1953
7,753 sqft 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: Terri L Deming • Weichert Realtors - Hoosier Heartland
Mls Name: IRMLS
Mls Provider:
Mls ID: #202519445
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.