2209 S Main StGoshenIN46526
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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 Goshen at 2209 S Main St, Goshen, IN, 46526 priced at $477,900 converts $2,526/mo rent into after a $2,339/mo obligation. Total monthly income equals $2,526/mo. Return on cash invested prints 16.19% in year one, and rental yield reads 6.34% against a $477,900 entry. Equity gained on principal adds $3,084/yr, while 5% annual appreciation compiles into $132,035 by year five. Five-year ROI reaches 83.09% and total cumulative return in cash sums $131,633. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,526/mo property income covering a $2,339/mo payment, not borrower’s personal income.
Single Family
Built in 1947
1.99 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46526, Goshen, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,063 (100%) |
| Owner Occupied HU | 8,487 (65.0%) |
| Renter Occupied HU | 3,852 (29.5%) |
| Vacant Housing Units | 724 ( 5.5%) |
| Median Home Value | $226,148 |
| Average Home Value | $269,072 |
Housing Distribution
Address Breakdown
Residential
12,628
Single Family
11,718
Multi-Family
910
Businesses
830
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