206 N Chicago StRoyal CenterIN46978
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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 Royal Center at 206 N Chicago St, Royal Center, IN, 46978 priced at $160,000 pairs $0/mo rent with after a $783/mo payment. Total monthly income equals $0/mo. Return on cash invested is -1.82% in year one, and rental yield stands at 0% on a $160,000 basis. Equity gained on principal adds $1,032/yr, and 5% annual appreciation accumulates to $44,205 by year five. For financing, Ziffy Mortgage’s DSCR program evaluates $0/mo property income against a $783/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1900
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46978, Royal Center, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 899 (100%) |
| Owner Occupied HU | 694 (77.2%) |
| Renter Occupied HU | 128 (14.2%) |
| Vacant Housing Units | 77 ( 8.6%) |
| Median Home Value | $170,000 |
| Average Home Value | $179,362 |
Housing Distribution
Address Breakdown
Residential
556
Single Family
556
Multi-Family
0
Businesses
40
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Audrey Steffel • Rogers Auction & Real Estate
Mls Name: IRMLS
Mls ID: #202529469