23415 Forrestview 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
Investment property for sale in Elkhart at 23415 Forrestview Ave, Elkhart, IN, 46517 earns $1,177/mo cash flow from $2,633/mo rent with a $1,187/mo payment. Total monthly income totals $2,633/mo, and annual cash flow totals $14,127/yr on $80,389 capital. ROI tracks 37.48% on current figures, and rental yield reads 13.03% at a $242,500 purchase. Equity gained on principal adds $1,565/yr, and 5% annual appreciation supports $66,998 over five years. Five-year ROI reaches 196.87% and total cumulative return in cash sums $158,263. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,633/mo property income instead of your personal income.
Single Family
Built in 1966
0.70 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: Tracy DeShone • RE/MAX Results-Goshen
Mls Name: IRMLS
Mls Provider:
Mls ID: #202445959
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.