208 S Morton StNorth WebsterIN46555
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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 North Webster at 208 S Morton St, North Webster, IN, 46555 priced at $130,000 converts $1,231/mo rent into $451/mo cash flow after a $636/mo obligation. Total monthly income equals $1,231/mo, and annual cash flow totals $5,411/yr on $43,095 invested. Return on cash invested prints 32.46% in year one, and rental yield reads 11.36% against a $130,000 entry. Equity gained on principal adds $839/yr, while 5% annual appreciation compiles into $35,917 by year five. Five-year ROI reaches 169.95% and total cumulative return in cash sums $73,239. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,231/mo property income covering a $636/mo payment, not borrower’s personal income.
Single Family
Built in 1890
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46555, North Webster, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,881 (100%) |
| Owner Occupied HU | 994 (52.8%) |
| Renter Occupied HU | 233 (12.4%) |
| Vacant Housing Units | 654 (34.8%) |
| Median Home Value | $276,596 |
| Average Home Value | $332,050 |
Housing Distribution
Address Breakdown
Residential
1,155
Single Family
1,155
Multi-Family
0
Businesses
186
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Listed by: Robert N Smith • RE/MAX At The Crossing
Mls Name: IRMLS
Mls Provider:
Mls ID: #202436116
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.