217 W Mill StGoodlandIN47948
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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 Goodland at 217 W Mill St, Goodland, IN, 47948 at $170,000 posts ROI 27.18% with $342/mo cash flow from $1,362/mo rent. Total monthly income equals $1,362/mo, and annual cash flow records $4,099/yr on $56,355 to close. Return on cash invested measures 27.18% and rental yield reads 9.61% at the current $170,000. Equity gained on principal adds $1,097/yr, and 5% annual appreciation supports $46,968 by year five. Five-year ROI prints 141.64% and total cumulative return in cash totals $79,821.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,362/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Manufactured
Built in 2003
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47948, Goodland, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 578 (100%) |
| Owner Occupied HU | 385 (66.6%) |
| Renter Occupied HU | 137 (23.7%) |
| Vacant Housing Units | 56 ( 9.7%) |
| Median Home Value | $152,961 |
| Average Home Value | $175,396 |
Housing Distribution
Address Breakdown
Residential
481
Single Family
457
Multi-Family
24
Businesses
40
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Listed by: Judy M Wirtz • Novotny, Inc.
Mls Name: NIRA
Mls Provider:
Mls ID: #821960
Disclaimer: Copyright 2025 MuItiple Listing Service of the Northwest Indiana REALTORS Association, Inc. All rights reserved. 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.