2929 Belle Plaine TrlLong BeachIN46360
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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 Long Beach at 2929 Belle Plaine Trl, Long Beach, IN, 46360 generates $2,795/mo in rent, after a $2,937/mo payment. Total monthly income is $2,795/mo. Return on cash invested sits at 13.56% in year one, and rental yield is 5.59% on a $600,000 entry. Equity gained on principal adds $3,872/yr, while 5% annual appreciation builds toward $165,769 over five years. Five-year ROI reaches 69.06% and total cumulative return in cash sums $136,332. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,795/mo property income rather than buyer’s personal income.
Single Family
Built in 1929
9,347 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46360, Michigan City, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,591 (100%) |
| Owner Occupied HU | 11,713 (54.2%) |
| Renter Occupied HU | 6,451 (29.9%) |
| Vacant Housing Units | 3,427 (15.9%) |
| Median Home Value | $182,550 |
| Average Home Value | $260,534 |
Housing Distribution
Address Breakdown
Residential
19,767
Single Family
17,144
Multi-Family
2,623
Businesses
1,421
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Listed by: Lorraine Rasmussen • Weichert Realtors, Merrion Gro
Mls Name: NIRA
Mls Provider:
Mls ID: #806199
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-29 23:27:51 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#185)