2318 N F StElwoodIN46036
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Elwood at 2318 N F St, Elwood, IN, 46036 generates $898/mo in rent and, after a $580/mo payment, leaves $187/mo in cash flow. Total monthly income is $898/mo, and annual cash flow is $2,240/yr on $39,283 invested. Return on cash invested sits at 25.61% in year one, and rental yield is 9.09% on a $118,500 entry. Equity gained on principal adds $765/yr, while 5% annual appreciation builds toward $32,739 over five years. Five-year ROI reaches 133.2% and total cumulative return in cash sums $52,324. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $898/mo property income rather than buyer’s personal income.
Manufactured
Built in 1999
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46036, Elwood, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,548 (100%) |
| Owner Occupied HU | 3,484 (62.8%) |
| Renter Occupied HU | 1,409 (25.4%) |
| Vacant Housing Units | 655 (11.8%) |
| Median Home Value | $163,312 |
| Average Home Value | $204,644 |
Housing Distribution
Address Breakdown
Residential
5,172
Single Family
4,951
Multi-Family
221
Businesses
314
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices