28111 Fieldhouse Ave, Elkhart, IN, 46517 | $373/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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28111 Fieldhouse Ave, Elkhart, IN, 46517 | $373/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

Investment property for sale in Elkhart at 28111 Fieldhouse Ave, Elkhart, IN, 46517 uses $67,958 cash to close to unlock $4,473/yr annual cash flow and $373/mo monthly cash flow. Total monthly income runs $1,603/mo, and a $1,003/mo payment keeps the spread at $373/mo. Purchase price stands at $205,000, and rental yield measures 9.38% with $1,603/mo rent. Return on cash invested shows 26.49% in year one, and 5% annual appreciation builds toward $56,638 over five years. Five-year ROI reaches 137.88% and total cumulative return in cash records $93,702. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,603/mo property income covering a $1,003/mo payment rather than investor’s personal income.

Single Family

Built in 2001

0.27 Acres lot

$N/A/sqft

No HOA

More details about the property

Discover this spacious and affordable home in the desirable Jimtown School District! Offering 2 bedrooms and 2 full baths, this property has been freshly painted throughout, giving it a bright and welcoming feel from the moment you step inside.The home features a large kitchen with plenty of room for all your cooking and entertaining needs, as well as a main-floor laundry room for added convenience. The full basement provides a blank canvas, ready to be finished into additional living space, a recreation area, or extra storage, tailored to your vision. Outside, youll find a good-sized yard, perfect for outdoor gatherings, gardening, or simply enjoying the seasons. With its functional layout, fresh updates, and room to grow, this home is a fantastic opportunity for buyers looking to settle into a great community. Dont miss your chance to make this one yours!

Neighborhood Data

Neighborhood data shown for ZIP Code: 46517, Elkhart, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	9,200 (100%)
Owner Occupied HU	5,614 (61.0%)
Renter Occupied HU	3,089 (33.6%)
Vacant Housing Units	497 ( 5.4%)
Median Home Value	$214,555
Average Home Value	$266,234