242 S Cross Creek WayColumbia CityIN46725
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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 Columbia City at 242 S Cross Creek Way, Columbia City, IN, 46725 earns $243/mo cash flow from $2,374/mo rent with a $1,735/mo payment. Total monthly income totals $2,374/mo, and annual cash flow totals $2,918/yr on $117,517 capital. ROI tracks 22.39% on current figures, and rental yield reads 8.04% at a $354,500 purchase. Equity gained on principal adds $2,288/yr, and 5% annual appreciation supports $97,942 over five years. Five-year ROI reaches 115.95% and total cumulative return in cash sums $136,259. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,374/mo property income instead of your personal income.
Single Family
Built in 1998
0.30 Acres lot
$N/A/sqft
$35 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46725, Columbia City, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,000 (100%) |
| Owner Occupied HU | 8,209 (74.6%) |
| Renter Occupied HU | 2,037 (18.5%) |
| Vacant Housing Units | 754 ( 6.9%) |
| Median Home Value | $235,679 |
| Average Home Value | $280,163 |
Housing Distribution
Address Breakdown
Residential
10,474
Single Family
10,069
Multi-Family
405
Businesses
694
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Listed by: Anita Hess • Weichert Realtors - Hoosier Heartland
Mls Name: IRMLS
Mls Provider:
Mls ID: #202515648
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.