212 W Broadway StArgosIN46501
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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 Argos at 212 W Broadway St, Argos, IN, 46501 priced at $109,900 converts $832/mo rent into $158/mo cash flow after a $538/mo obligation. Total monthly income equals $832/mo, and annual cash flow totals $1,890/yr on $36,432 invested. Return on cash invested prints 25.1% in year one, and rental yield reads 9.08% against a $109,900 entry. Equity gained on principal adds $709/yr, while 5% annual appreciation compiles into $30,363 by year five. Five-year ROI reaches 130.64% and total cumulative return in cash sums $47,596. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $832/mo property income covering a $538/mo payment, not borrower’s personal income.
Single Family
Built in 1880
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46501, Argos, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,525 (100%) |
| Owner Occupied HU | 1,108 (72.7%) |
| Renter Occupied HU | 297 (19.5%) |
| Vacant Housing Units | 120 ( 7.9%) |
| Median Home Value | $179,118 |
| Average Home Value | $215,512 |
Housing Distribution
Address Breakdown
Residential
1,520
Single Family
1,498
Multi-Family
22
Businesses
90
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Listed by: Lori Roberts • Rochester Realty, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202413506
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.