2402 Redspire BlvdGoshenIN46526
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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 Goshen at 2402 Redspire Blvd, Goshen, IN, 46526 uses $129,285 cash to close to unlock $10,197/yr annual cash flow and $850/mo monthly cash flow. Total monthly income runs $3,191/mo, and a $1,909/mo payment keeps the spread at $850/mo. Purchase price stands at $390,000, and rental yield measures 9.82% with $3,191/mo rent. Return on cash invested shows 27.8% in year one, and 5% annual appreciation builds toward $107,750 over five years. Five-year ROI reaches 144.9% and total cumulative return in cash records $187,328. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,191/mo property income covering a $1,909/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: 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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