212 Michigan StLapazIN46537
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
Investment property for sale in Lapaz at 212 Michigan St, Lapaz, IN, 46537 uses $56,322 cash to close to unlock $4,328/yr annual cash flow and $361/mo monthly cash flow. Total monthly income runs $1,381/mo, and a $832/mo payment keeps the spread at $361/mo. Purchase price stands at $169,900, and rental yield measures 9.75% with $1,381/mo rent. Return on cash invested shows 27.59% in year one, and 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 143.82% and total cumulative return in cash records $81,002. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,381/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1900
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46537, Lapaz, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | |
| Owner Occupied HU | |
| Renter Occupied HU | |
| Vacant Housing Units | |
| Median Home Value | |
| Average Home Value |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
18
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices