206 W Main StChalmersIN47929
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 Chalmers at 206 W Main St, Chalmers, IN, 47929 offers $1,699/mo rent that, after a $1,199/mo payment, leaves $228/mo cash flow. Total monthly income is $1,699/mo, and annual cash flow is $2,742/yr on $81,218 cash. Return on cash invested measures 23.28% in year one, and rental yield stands at 8.32% at a $245,000 entry. Equity gained on principal adds $1,581/yr while 5% annual appreciation compounds into $67,689 by year five. Five-year ROI records 120.73% and total cumulative return in cash reaches $98,052. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,699/mo property income versus a $1,199/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1926
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47929, Chalmers, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 341 (100%) |
| Owner Occupied HU | 255 (74.8%) |
| Renter Occupied HU | 56 (16.4%) |
| Vacant Housing Units | 30 ( 8.8%) |
| Median Home Value | $196,759 |
| Average Home Value | $223,284 |
Housing Distribution
Address Breakdown
Residential
200
Single Family
200
Multi-Family
0
Businesses
21
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