219 N 1st 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 219 N 1st St, Argos, IN, 46501 offers $1,709/mo rent that, after a $1,003/mo payment, leaves $479/mo cash flow. Total monthly income is $1,709/mo, and annual cash flow is $5,745/yr on $67,958 cash. Return on cash invested measures 28.36% in year one, and rental yield stands at 10% at a $205,000 entry. Equity gained on principal adds $1,323/yr while 5% annual appreciation compounds into $56,638 by year five. Five-year ROI records 147.95% and total cumulative return in cash reaches $100,542. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,709/mo property income versus a $1,003/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1948
0.31 Acres 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: Justin Bowen • Justin Bowen Real Estate, LLC.
Mls Name: IRMLS
Mls Provider:
Mls ID: #202436930
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.