2286 W 500th Rd SPleasant LakeIN46779
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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 Pleasant Lake at 2286 W 500th Rd S, Pleasant Lake, IN, 46779 generates $3,374/mo in rent and, after a $2,618/mo payment, leaves $163/mo in cash flow. Total monthly income is $3,374/mo, and annual cash flow is $1,958/yr on $175,982 invested. Return on cash invested sits at 21.17% in year one, and rental yield is 7.57% on a $534,900 entry. Equity gained on principal adds $3,452/yr, while 5% annual appreciation builds toward $147,783 over five years. Five-year ROI reaches 109.36% and total cumulative return in cash sums $192,453. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,374/mo property income rather than buyer’s personal income.
Single Family
Built in 1810
5.17 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46779, Pleasant Lake, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 906 (100%) |
| Owner Occupied HU | 632 (69.8%) |
| Renter Occupied HU | 96 (10.6%) |
| Vacant Housing Units | 178 (19.6%) |
| Median Home Value | $266,379 |
| Average Home Value | $297,441 |
Housing Distribution
Address Breakdown
Residential
740
Single Family
740
Multi-Family
0
Businesses
20
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Listed by: Teresa Brown • JMG Indiana
Mls Name: IRMLS
Mls Provider:
Mls ID: #202434299
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.