230 Vine St, Delphi, IN, 46923 | 4.26% Rental Yield

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230 Vine St, Delphi, IN, 46923 | 4.26% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Delphi at 230 Vine St, Delphi, IN, 46923 priced at $354,900 pairs $1,260/mo rent with after a $1,737/mo payment. Total monthly income equals $1,260/mo. Return on cash invested is 11.03% in year one, and rental yield stands at 4.26% on a $354,900 basis. Equity gained on principal adds $2,290/yr, and 5% annual appreciation accumulates to $98,052 by year five. Five-year ROI measures 55% and total cumulative return in cash reaches $64,708. For financing, Ziffy Mortgage’s DSCR program evaluates $1,260/mo property income against a $1,737/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 2025

0.30 Acres lot

$N/A/sqft

No HOA

More details about the property

This is a new construction by Majestic Custom Homes of Lafayette located in the Bowen Estates subdivision. Majestic Custom Homes of Lafayette presents the Laramie. The Laramie is a ranch style home with approximately 1,768 sq. ft. with an open concept. This home has 3 bedrooms and 2 full baths. The primary suite features a walk in tile shower, double vanities, and a walk in closet. The 2nd full bathroom also features a double vanity. A den is located off the foyer. This house has a 2 car garage, a front porch and back patio. There are many more features to see, so schedule your showing today!

Neighborhood Data

Neighborhood data shown for ZIP Code: 46923, Delphi, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,476 (100%)
Owner Occupied HU	2,521 (72.5%)
Renter Occupied HU	683 (19.6%)
Vacant Housing Units	272 ( 7.8%)
Median Home Value	$171,232
Average Home Value	$207,676