2302 E Jefferson St #2304WarsawIN46580
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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 Warsaw at 2302 E Jefferson St #2304, Warsaw, IN, 46580 generates $1,550/mo in rent and, after a $972/mo payment, leaves $358/mo in cash flow. Total monthly income is $1,550/mo, and annual cash flow is $4,296/yr on $65,803 invested. Return on cash invested sits at 26.44% in year one, and rental yield is 9.37% on a $198,500 entry. Equity gained on principal adds $1,281/yr, while 5% annual appreciation builds toward $54,842 over five years. Five-year ROI reaches 137.6% and total cumulative return in cash sums $90,545. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,550/mo property income rather than buyer’s personal income.
Apartment
Built in 1978
7,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46580, Warsaw, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,714 (100%) |
| Owner Occupied HU | 6,549 (67.4%) |
| Renter Occupied HU | 2,447 (25.2%) |
| Vacant Housing Units | 718 ( 7.4%) |
| Median Home Value | $243,970 |
| Average Home Value | $287,875 |
Housing Distribution
Address Breakdown
Residential
9,284
Single Family
8,743
Multi-Family
541
Businesses
844
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