2649 Georgetowne Dr UNIT C-1HighlandIN46322
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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 Highland at 2649 Georgetowne Dr UNIT C-1, Highland, IN, 46322 earns $601/mo cash flow from $2,191/mo rent with a $1,052/mo payment. Total monthly income totals $2,191/mo, and annual cash flow totals $7,209/yr on $71,273 capital. ROI tracks 30.02% on current figures, and rental yield reads 12.23% at a $215,000 purchase. Equity gained on principal adds $1,387/yr, and 5% annual appreciation supports $59,401 over five years. Five-year ROI reaches 158.67% and total cumulative return in cash sums $113,089. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,191/mo property income instead of your personal income.
Condo
Built in 1998
N/A lot
$N/A/sqft
$300 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46322, Highland, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,588 (100%) |
| Owner Occupied HU | 7,922 (74.8%) |
| Renter Occupied HU | 2,280 (21.5%) |
| Vacant Housing Units | 386 ( 3.6%) |
| Median Home Value | $243,747 |
| Average Home Value | $271,248 |
Housing Distribution
Address Breakdown
Residential
10,380
Single Family
8,500
Multi-Family
1,880
Businesses
918
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Listed by: Jamie Durham • RE/MAX Realty Associates
Mls Name: NIRA
Mls Provider:
Mls ID: #822109
Disclaimer: Copyright 2025 MuItiple Listing Service of the Northwest Indiana REALTORS Association, Inc. All rights reserved. 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.