260 N Mississinewa CtLa FontaineIN46940
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 La Fontaine at 260 N Mississinewa Ct, La Fontaine, IN, 46940 with 5% annual appreciation on a $253,000 basis while $2,000/mo rent supports operations. Total monthly income totals $2,000/mo and a $1,238/mo payment preserves $458/mo for cash returns. Annual cash flow comes to $5,496/yr on $83,870 deployed, and return on cash invested reaches 26.46% in year one. Equity gained on principal adds $1,633/yr, and five-year appreciation sums $69,899 alongside rental yield of 9.49%. Five-year ROI measures 137.83% and total cumulative return in cash totals $115,600.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,000/mo property income versus a $1,238/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1972
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46940, La Fontaine, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,145 (100%) |
| Owner Occupied HU | 847 (74.0%) |
| Renter Occupied HU | 172 (15.0%) |
| Vacant Housing Units | 126 (11.0%) |
| Median Home Value | $202,446 |
| Average Home Value | $244,976 |
Housing Distribution
Address Breakdown
Residential
934
Single Family
926
Multi-Family
8
Businesses
29
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Danielle Austin • Austin Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202529019
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.