2201 18th RdTippecanoeIN46570
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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 Tippecanoe at 2201 18th Rd, Tippecanoe, IN, 46570 offers a 5.94% rental yield on a $570,000 purchase with $2,820/mo rent. 21% in year one. Equity gained on principal adds $3,678/yr while 5% annual appreciation supports $157,480 over five years. Portfolio math shows five-year ROI at 82.75% and total cumulative return in cash at $155,173. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,820/mo property income against a $2,790/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2001
7.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46570, Tippecanoe, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 425 (100%) |
| Owner Occupied HU | 334 (78.6%) |
| Renter Occupied HU | 56 (13.2%) |
| Vacant Housing Units | 35 ( 8.2%) |
| Median Home Value | $244,318 |
| Average Home Value | $233,353 |
Housing Distribution
Address Breakdown
Residential
428
Single Family
428
Multi-Family
0
Businesses
13
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Listed by: James Bausch • RE/MAX Results- Warsaw
Mls Name: IRMLS
Mls Provider:
Mls ID: #202431626
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.