214 Cortland StLapazIN46537
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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 Lapaz at 214 Cortland St, Lapaz, IN, 46537 with 5% annual appreciation on a $239,900 basis while $1,852/mo rent supports operations. Total monthly income totals $1,852/mo and a $1,174/mo payment preserves $412/mo for cash returns. Annual cash flow comes to $4,945/yr on $79,527 deployed, and return on cash invested reaches 26.13% in year one. Equity gained on principal adds $1,548/yr, and five-year appreciation sums $66,280 alongside rental yield of 9.26%. Five-year ROI measures 135.99% and total cumulative return in cash totals $108,151.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,852/mo property income versus a $1,174/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1930
0.32 Acres 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
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