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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Elkhart at 29118 Norman Ct, Elkhart, IN, 46516 uses $59,670 cash to close to unlock $12,878/yr annual cash flow and $1,073/mo monthly cash flow. Total monthly income runs $2,263/mo, and a $881/mo payment keeps the spread at $1,073/mo. Purchase price stands at $180,000, and rental yield measures 15.09% with $2,263/mo rent. Return on cash invested shows 41.49% in year one, and 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 219.19% and total cumulative return in cash records $130,793. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,263/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1974
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46516, Elkhart, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,463 (100%) |
| Owner Occupied HU | 7,221 (53.6%) |
| Renter Occupied HU | 5,279 (39.2%) |
| Vacant Housing Units | 963 ( 7.2%) |
| Median Home Value | $172,789 |
| Average Home Value | $240,548 |
Residential
13,032
Single Family
11,652
Multi-Family
1,380
Businesses
1,157
Date | Event | Price |
|---|---|---|
| 2025-01-07 | Sold | $180,000 |
| 2024-10-14 | Listed for sale | $180,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-31 | $2805.96 | 13.08% | $172,600 | 12.81% |
| 2023-10-31 | $2481.42 | 16.23% | $153,000 | 11.11% |
| 2022-10-31 | $2134.96 | 7.23% | $137,700 | 18.91% |
Listed by: Joshua Brooks • Keller Williams Thrive South
Mls Name: IRMLS
Mls Provider:
Mls ID: #202439848
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.
