226 S Summit StKendallvilleIN46755
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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 Kendallville at 226 S Summit St, Kendallville, IN, 46755 listed at $172,900 pairs $1,331/mo rent with a $846/mo payment to leave $293/mo cash flow. Total monthly income runs $1,331/mo, and annual cash flow reaches $3,520/yr on $57,316 cash to close. Return on cash invested measures 26.05% in year one, and rental yield registers 9.24% at a $172,900 basis. Equity gained on principal adds $1,116/yr, and annual property appreciation at 5% supports $47,769 by year five. Five-year ROI tracks 135.6% and total cumulative return in cash totals $77,720. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,331/mo property income relative to a $846/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46755, Kendallville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,806 (100%) |
| Owner Occupied HU | 4,479 (65.8%) |
| Renter Occupied HU | 1,833 (26.9%) |
| Vacant Housing Units | 494 ( 7.3%) |
| Median Home Value | $205,982 |
| Average Home Value | $263,814 |
Housing Distribution
Address Breakdown
Residential
6,412
Single Family
6,211
Multi-Family
201
Businesses
547
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Listed by: Heather Culler • Mike Thomas Associates
Mls Name: IRMLS
Mls ID: #202602104