2603 Redspire BlvdGoshenIN46526
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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 Goshen at 2603 Redspire Blvd, Goshen, IN, 46526 offers $3,406/mo rent that, after a $1,948/mo payment, leaves $969/mo cash flow. Total monthly income is $3,406/mo, and annual cash flow is $11,625/yr on $131,937 cash. Return on cash invested measures 28.72% in year one, and rental yield stands at 10.27% at a $398,000 entry. Equity gained on principal adds $2,568/yr while 5% annual appreciation compounds into $109,960 by year five. Five-year ROI records 150% and total cumulative return in cash reaches $197,904. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,406/mo property income versus a $1,948/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2020
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46526, Goshen, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,063 (100%) |
| Owner Occupied HU | 8,487 (65.0%) |
| Renter Occupied HU | 3,852 (29.5%) |
| Vacant Housing Units | 724 ( 5.5%) |
| Median Home Value | $226,148 |
| Average Home Value | $269,072 |
Housing Distribution
Address Breakdown
Residential
12,628
Single Family
11,718
Multi-Family
910
Businesses
830
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Listed by: Berto Barrera • RE/MAX Results- Warsaw
Mls Name: IRMLS
Mls Provider:
Mls ID: #202502012
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.