2418 Ridge RdHighlandIN46322
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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
Rental property for sale in Highland at 2418 Ridge Rd, Highland, IN, 46322 offers $1,908/mo rent that, after a $1,316/mo payment, leaves $132/mo cash flow. Total monthly income is $1,908/mo, and annual cash flow is $1,584/yr on $89,140 cash. Return on cash invested measures 21.69% in year one, and rental yield stands at 8.51% at a $268,900 entry. Equity gained on principal adds $1,735/yr while 5% annual appreciation compounds into $74,292 by year five. Five-year ROI records 112.9% and total cumulative return in cash reaches $100,636. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,908/mo property income versus a $1,316/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1924
10,149 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46322, Highland, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,588 (100%) |
| Owner Occupied HU | 7,922 (74.8%) |
| Renter Occupied HU | 2,280 (21.5%) |
| Vacant Housing Units | 386 ( 3.6%) |
| Median Home Value | $243,747 |
| Average Home Value | $271,248 |
Housing Distribution
Address Breakdown
Residential
10,380
Single Family
8,500
Multi-Family
1,880
Businesses
918
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Listed by: Betty Bohse • Advanced Real Estate, LLC
Mls Name: NIRA
Mls Provider:
Mls ID: #820158
Disclaimer: Copyright 2025 MuItiple Listing Service of the Northwest Indiana REALTORS Association, Inc. All rights reserved. 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.