22936 State Road 119GoshenIN46526
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who treat current yield as secondary to long-run equity growth will find 22936 State Road 119, Goshen, IN, 46526 in Goshen worth modelling. At $100,000 with a 9.2% gross yield, the $767/mo rent leaves $167/mo after the $450/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.70 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $27,628 by year five; $921/yr in principal reduction adds further equity. Total projected return: $48,593.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 7.0% |
| Monthly Cash Flow | $167 | $300 |
City averages based on Goshen market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $767 |
| Total Monthly Debt Service | $561 |
| DSCR Ratio | 1.37x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in N/A
3 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in N/A
3 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices