24945 Corbin DrElkhartIN46514
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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 24945 Corbin Dr, Elkhart, IN, 46514 uses $109,362 cash to close to unlock $6,232/yr annual cash flow and $519/mo monthly cash flow. Total monthly income runs $2,500/mo, and a $1,615/mo payment keeps the spread at $519/mo. Purchase price stands at $329,900, and rental yield measures 9.09% with $2,500/mo rent. Return on cash invested shows 25.61% in year one, and 5% annual appreciation builds toward $91,145 over five years. Five-year ROI reaches 133.19% and total cumulative return in cash records $145,659. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,500/mo property income covering a $1,615/mo payment rather than investor’s personal income.
Single Family
Built in 2020
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46514, Elkhart, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,284 (100%) |
| Owner Occupied HU | 11,774 (64.4%) |
| Renter Occupied HU | 5,434 (29.7%) |
| Vacant Housing Units | 1,076 ( 5.9%) |
| Median Home Value | $219,702 |
| Average Home Value | $252,263 |
Housing Distribution
Address Breakdown
Residential
17,694
Single Family
16,264
Multi-Family
1,430
Businesses
1,341
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