219 Witmer AveElkhartIN46516
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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 Elkhart at 219 Witmer Ave, Elkhart, IN, 46516 with 5% annual appreciation on a $203,000 basis while $1,442/mo rent supports operations. Total monthly income totals $1,442/mo and a $994/mo payment preserves $98/mo for cash returns. Annual cash flow comes to $1,172/yr on $67,295 deployed, and return on cash invested reaches 21.65% in year one. Equity gained on principal adds $1,310/yr, and five-year appreciation sums $56,085 alongside rental yield of 8.52%. Five-year ROI measures 112.77% and total cumulative return in cash totals $75,890.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,442/mo property income versus a $994/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1953
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46516, Elkhart, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,463 (100%) |
| Owner Occupied HU | 7,221 (53.6%) |
| Renter Occupied HU | 5,279 (39.2%) |
| Vacant Housing Units | 963 ( 7.2%) |
| Median Home Value | $172,789 |
| Average Home Value | $240,548 |
Housing Distribution
Address Breakdown
Residential
13,032
Single Family
11,652
Multi-Family
1,380
Businesses
1,157
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Listed by: Jill Robinson • eXp Realty, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202540791
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.