22 Skyline DrOgden DunesIN46368
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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 Ogden Dunes at 22 Skyline Dr, Ogden Dunes, IN, 46368 priced at $798,000 converts $3,947/mo rent into after a $3,906/mo obligation. Total monthly income equals $3,947/mo. Return on cash invested prints 16.21% in year one, and rental yield reads 5.94% against a $798,000 entry. Equity gained on principal adds $5,149/yr, while 5% annual appreciation compiles into $220,473 by year five. Five-year ROI reaches 82.7% and total cumulative return in cash sums $217,120. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,947/mo property income covering a $3,906/mo payment, not borrower’s personal income.
Single Family
Built in 1986
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46368, Portage, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,283 (100%) |
| Owner Occupied HU | 11,746 (68.0%) |
| Renter Occupied HU | 4,579 (26.5%) |
| Vacant Housing Units | 958 ( 5.5%) |
| Median Home Value | $249,146 |
| Average Home Value | $299,797 |
Housing Distribution
Address Breakdown
Residential
16,473
Single Family
13,813
Multi-Family
2,660
Businesses
1,039
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Listed by: Caleb Key • Boulder Bay Realty Group
Mls Name: NIRA
Mls ID: #831043