212 N Westchester DrColumbia CityIN46725
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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 Columbia City at 212 N Westchester Dr, Columbia City, IN, 46725 priced at $309,900 pairs $2,061/mo rent with $201/mo cash flow after a $1,517/mo payment. Total monthly income equals $2,061/mo, and annual cash flow comes to $2,406/yr on $102,732 invested. Return on cash invested is 22.25% in year one, and rental yield stands at 7.98% on a $309,900 basis. Equity gained on principal adds $2,000/yr, and 5% annual appreciation accumulates to $85,620 by year five. Five-year ROI measures 115.17% and total cumulative return in cash reaches $118,320. For financing, Ziffy Mortgage’s DSCR program evaluates $2,061/mo property income against a $1,517/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2006
0.30 Acres 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: Justin Smallwood • Indiana Flat Fee Realty
Mls Name: IRMLS
Mls ID: #202600712