2316 Edward DrGoshenIN46526
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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 Goshen at 2316 Edward Dr, Goshen, IN, 46526 priced at $229,900 converts $1,871/mo rent into $294/mo cash flow after a $1,125/mo obligation. Total monthly income equals $1,871/mo, and annual cash flow totals $3,524/yr on $76,212 invested. Return on cash invested prints 24.53% in year one, and rental yield reads 9.77% against a $229,900 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation compiles into $63,517 by year five. Five-year ROI reaches 128.51% and total cumulative return in cash sums $97,943. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,871/mo property income covering a $1,125/mo payment, not borrower’s personal income.
Single Family
Built in 2003
0.33 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
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Listed by: Andrew D Myers • Myers Trust Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202510991
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.