217 Zook StTopekaIN46571
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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 Topeka at 217 Zook St, Topeka, IN, 46571 uses $62,654 cash to close to unlock $3,246/yr annual cash flow and $271/mo monthly cash flow. Total monthly income runs $1,405/mo, and a $925/mo payment keeps the spread at $271/mo. Purchase price stands at $189,000, and rental yield measures 8.92% with $1,405/mo rent. Return on cash invested shows 25.09% in year one, and 5% annual appreciation builds toward $52,217 over five years. Five-year ROI reaches 130.41% and total cumulative return in cash records $81,706. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,405/mo property income covering a $925/mo payment rather than investor’s personal income.
Single Family
Built in 1961
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46571, Topeka, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,757 (100%) |
| Owner Occupied HU | 1,392 (79.2%) |
| Renter Occupied HU | 291 (16.6%) |
| Vacant Housing Units | 74 ( 4.2%) |
| Median Home Value | $467,302 |
| Average Home Value | $538,953 |
Housing Distribution
Address Breakdown
Residential
1,408
Single Family
1,408
Multi-Family
0
Businesses
163
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Listed by: Marlynn Mast • Keller Williams Realty Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202545033
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.