237 Broadmore CirAngolaIN46703
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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 Angola at 237 Broadmore Cir, Angola, IN, 46703 uses $94,312 cash to close to unlock $2,924/yr annual cash flow and $244/mo monthly cash flow. Total monthly income runs $1,951/mo, and a $1,392/mo payment keeps the spread at $244/mo. Purchase price stands at $284,500, and rental yield measures 8.23% with $1,951/mo rent. Return on cash invested shows 23.01% in year one, and 5% annual appreciation builds toward $78,602 over five years. Five-year ROI reaches 119.23% and total cumulative return in cash records $112,445. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,951/mo property income covering a $1,392/mo payment rather than investor’s personal income.
Single Family
Built in 2005
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46703, Angola, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,798 (100%) |
| Owner Occupied HU | 5,429 (55.4%) |
| Renter Occupied HU | 2,052 (20.9%) |
| Vacant Housing Units | 2,317 (23.6%) |
| Median Home Value | $272,006 |
| Average Home Value | $345,110 |
Housing Distribution
Address Breakdown
Residential
7,691
Single Family
7,223
Multi-Family
468
Businesses
858
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