22 Point Ln, Arcadia, IN, 46030 | 1.14% Rental Yield

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22 Point Ln, Arcadia, IN, 46030 | 1.14% Rental Yield | Ziffy

Pending

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Arcadia at 22 Point Ln, Arcadia, IN, 46030 with 5% annual appreciation on a $999,900 basis while $954/mo rent supports operations. 65% in year one. Equity gained on principal adds $6,452/yr, and five-year appreciation sums $276,254 alongside rental yield of 1.14%. Five-year ROI measures 4.62% and total cumulative return in cash totals $15,200. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $954/mo property income versus a $4,894/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1982

1.80 Acres lot

$N/A/sqft

No HOA

More details about the property

MORSE LAKE WATERFRONT HOME boasts panoramic water view with stunning sunrises! Situated on tree-lined 1.8 acre lot with a whopping 246' of lake frontage with steel seawall! This beautiful sprawling ranch brick home with finished walk-out lower-level features spacious cathedral ceilings, two fireplaces and a main floor master suite. Center island kitchen and dining room have handsome hardwood floors. Full walk-out lower-level offers well-equipped wet bar with suede finished granite countertops, recreation room, family room with fireplace and a half bath. Tons of room for craft/hobby/exercise room/storage. Geo-thermal HVAC system is connected to commercial grade water heater for nearly free hot water. Zeolite water softener. New hail-proof Owens Corning roof in 2022 and new gutters. Exterior outlet wired for a generator. 2 car attached garage PLUS 3 car detached garage with workshop & HVAC! 4 boat slips with deep water, extra wide 120 ft 4000 lb power lift. Storage shed. Nearby Harbor Trees Golf and Beach Club offering swimming pool, dining, exercise and golf. Also, nearby are Bear Slide and Pebble Creek golf clubs and lots of restaurants. What a great opportunity to begin a legacy of lake house memories for your family! Needs some updates, but priced accordingly. A full price offer would include mower, tractor and pool table.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46030, Arcadia, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,284 (100%)
Owner Occupied HU	944 (73.5%)
Renter Occupied HU	273 (21.3%)
Vacant Housing Units	67 ( 5.2%)
Median Home Value	$326,429
Average Home Value	$423,350