212 E Washington StKentlandIN47951
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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 Kentland at 212 E Washington St, Kentland, IN, 47951 generates $1,416/mo in rent and, after a $1,030/mo payment, leaves $153/mo in cash flow. Total monthly income is $1,416/mo, and annual cash flow is $1,832/yr on $69,781 invested. Return on cash invested sits at 22.53% in year one, and rental yield is 8.07% on a $210,500 entry. Equity gained on principal adds $1,358/yr, while 5% annual appreciation builds toward $58,157 over five years. Five-year ROI reaches 116.7% and total cumulative return in cash sums $81,436. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,416/mo property income rather than buyer’s personal income.
Single Family
Built in 1913
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47951, Kentland, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 990 (100%) |
| Owner Occupied HU | 671 (67.8%) |
| Renter Occupied HU | 244 (24.6%) |
| Vacant Housing Units | 75 ( 7.6%) |
| Median Home Value | $111,384 |
| Average Home Value | $138,081 |
Housing Distribution
Address Breakdown
Residential
943
Single Family
898
Multi-Family
45
Businesses
138
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