2309 Mather AveElkhartIN46517
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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 Elkhart at 2309 Mather Ave, Elkhart, IN, 46517 priced at $145,900 pairs $1,540/mo rent with $664/mo cash flow after a $714/mo payment. Total monthly income equals $1,540/mo, and annual cash flow comes to $7,972/yr on $48,366 invested. Return on cash invested is 36.39% in year one, and rental yield stands at 12.67% on a $145,900 basis. Equity gained on principal adds $941/yr, and 5% annual appreciation accumulates to $40,309 by year five. Five-year ROI measures 191.05% and total cumulative return in cash reaches $92,403. For financing, Ziffy Mortgage’s DSCR program evaluates $1,540/mo property income against a $714/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1974
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46517, Elkhart, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,200 (100%) |
| Owner Occupied HU | 5,614 (61.0%) |
| Renter Occupied HU | 3,089 (33.6%) |
| Vacant Housing Units | 497 ( 5.4%) |
| Median Home Value | $214,555 |
| Average Home Value | $266,234 |
Housing Distribution
Address Breakdown
Residential
9,030
Single Family
7,959
Multi-Family
1,071
Businesses
580
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Listed by: Morgan Lytle • Realty Experts LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202438701
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.