25 W 9th St, Lapel, IN, 46051 | $568/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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25 W 9th St, Lapel, IN, 46051 | $568/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Lapel at 25 W 9th St, Lapel, IN, 46051 priced at $265,000 converts $2,159/mo rent into $568/mo cash flow after a $1,297/mo obligation. Total monthly income equals $2,159/mo, and annual cash flow totals $6,819/yr on $87,848 invested. Return on cash invested prints 27.67% in year one, and rental yield reads 9.78% against a $265,000 entry. Equity gained on principal adds $1,710/yr, while 5% annual appreciation compiles into $73,215 by year five. Five-year ROI reaches 144.28% and total cumulative return in cash sums $126,747. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,159/mo property income covering a $1,297/mo payment, not borrower’s personal income.

Single Family

Built in 1897

6,969 sqft lot

$N/A/sqft

No HOA

More details about the property

YOU WILL LOVE LAPEL LIVING! Here is a charming country home conveniently located near the center of Lapel within easy walking distance of parks, library and restaurants. This home has been lovingly cared for along with upgrades NEW hot water heater, wall oven, dishwasher, water softener in 2024! Seller had Absolute Comfort add new component's to furnace and A/C to make it run like new. Mitsubishi split unit A/C in the upstairs keeps everything comfortable year-round. NEW 12mm LVP FLOORING in 2023! You will love the newer fence perfect for outdoor gatherings. The extra large living room is the highlight of the home with plenty of room for furniture, big screen TV's, piano's or whatever else floats your boat! Homeowner has invested so much TLC into this home that you can benefit from! The living room flows into the formal dining area which together make for a wonderful open-concept feeling. The bedroom on the main floor or has been improved with new ceiling recessed lights and can be used as a bedroom or can be used as an office. The kitchen and breakfast room are together and provide a wonderful area to entertain will spending time in the kitchen. Upstairs you will find a large loft with two full bedrooms and the bathroom. The laundry room in back of home is right off the kitchen and doubles as a mud room with the exit to the rear patio. The side yard is a perfect gathering area with a beautiful flowering magnolia tree for all day shade. This is your opportunity to live in an awesome small town yet close enough to all the amenities of Hamilton Town Crossing, Klipsch Music arena and more.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46051, Lapel, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,213 (100%)
Owner Occupied HU	900 (74.2%)
Renter Occupied HU	233 (19.2%)
Vacant Housing Units	80 ( 6.6%)
Median Home Value	$202,358
Average Home Value	$233,233