232 Mill StChurubuscoIN46723
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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 Churubusco at 232 Mill St, Churubusco, IN, 46723 at $314,900 posts ROI 18.76% with from $1,790/mo rent. Total monthly income equals $1,790/mo. Return on cash invested measures 18.76% and rental yield reads 6.82% at the current $314,900. Equity gained on principal adds $2,032/yr, and 5% annual appreciation supports $87,001 by year five. Five-year ROI prints 96.42% and total cumulative return in cash totals $100,654. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,790/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1940
0.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46723, Churubusco, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,135 (100%) |
| Owner Occupied HU | 2,548 (81.3%) |
| Renter Occupied HU | 439 (14.0%) |
| Vacant Housing Units | 148 ( 4.7%) |
| Median Home Value | $232,273 |
| Average Home Value | $280,319 |
Housing Distribution
Address Breakdown
Residential
3,063
Single Family
3,063
Multi-Family
0
Businesses
156
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Listed by: Brian Finley • F.C. Tucker Fort Wayne
Mls Name: IRMLS
Mls Provider:
Mls ID: #202524010
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.