2306 Martha St UNIT 101HighlandIN46322
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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 Highland at 2306 Martha St UNIT 101, Highland, IN, 46322 offers a 9.03% rental yield on a $154,900 purchase with $1,166/mo rent. Total monthly income registers $1,166/mo, and a $758/mo payment leaves $236/mo available for distribution. Annual cash flow reaches $2,836/yr on $51,349 to close, and return on cash invested stands at 25.43% in year one. Equity gained on principal adds $1,000/yr while 5% annual appreciation supports $42,796 over five years. Portfolio math shows five-year ROI at 132.29% and total cumulative return in cash at $67,928. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,166/mo property income against a $758/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1984
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46322, Highland, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,588 (100%) |
| Owner Occupied HU | 7,922 (74.8%) |
| Renter Occupied HU | 2,280 (21.5%) |
| Vacant Housing Units | 386 ( 3.6%) |
| Median Home Value | $243,747 |
| Average Home Value | $271,248 |
Housing Distribution
Address Breakdown
Residential
10,380
Single Family
8,500
Multi-Family
1,880
Businesses
918
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