217 S Johnson StGarrettIN46738
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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 Garrett at 217 S Johnson St, Garrett, IN, 46738 generates $1,267/mo in rent and, after a $783/mo payment, leaves $307/mo in cash flow. Total monthly income is $1,267/mo, and annual cash flow is $3,681/yr on $53,007 invested. Return on cash invested sits at 26.85% in year one, and rental yield is 9.51% on a $159,900 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 139.85% and total cumulative return in cash sums $74,130. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,267/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46738, Garrett, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,457 (100%) |
| Owner Occupied HU | 2,591 (74.9%) |
| Renter Occupied HU | 727 (21.0%) |
| Vacant Housing Units | 139 ( 4.0%) |
| Median Home Value | $197,979 |
| Average Home Value | $219,234 |
Housing Distribution
Address Breakdown
Residential
3,317
Single Family
3,217
Multi-Family
100
Businesses
233
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