210 N Walnut StColumbia CityIN46725
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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
Investment property for sale in Columbia City at 210 N Walnut St, Columbia City, IN, 46725 uses $69,250 cash to close to unlock $3,270/yr annual cash flow and $272/mo monthly cash flow. Total monthly income runs $1,526/mo, and a $1,022/mo payment keeps the spread at $272/mo. Purchase price stands at $208,900, and rental yield measures 8.77% with $1,526/mo rent. Return on cash invested shows 24.63% in year one, and 5% annual appreciation builds toward $57,715 over five years. Five-year ROI reaches 127.94% and total cumulative return in cash records $88,602. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,526/mo property income covering a $1,022/mo payment rather than investor’s personal income.
Single Family
Built in 1920
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46725, Columbia City, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,000 (100%) |
| Owner Occupied HU | 8,209 (74.6%) |
| Renter Occupied HU | 2,037 (18.5%) |
| Vacant Housing Units | 754 ( 6.9%) |
| Median Home Value | $235,679 |
| Average Home Value | $280,163 |
Housing Distribution
Address Breakdown
Residential
10,474
Single Family
10,069
Multi-Family
405
Businesses
694
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Listed by: Vanessa Lauritsen • Hoosier Real Estate Group
Mls Name: IRMLS
Mls ID: #202549020