29991 Velma LnElkhartIN46514
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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 Elkhart at 29991 Velma Ln, Elkhart, IN, 46514 earns $176/mo cash flow from $1,736/mo rent with a $1,272/mo payment. Total monthly income totals $1,736/mo, and annual cash flow totals $2,111/yr on $86,157 capital. ROI tracks 22.36% on current figures, and rental yield reads 8.02% at a $259,900 purchase. Equity gained on principal adds $1,677/yr, and 5% annual appreciation supports $71,806 over five years. Five-year ROI reaches 115.74% and total cumulative return in cash sums $99,718. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,736/mo property income instead of your personal income.
Single Family
Built in 1975
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46514, Elkhart, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,284 (100%) |
| Owner Occupied HU | 11,774 (64.4%) |
| Renter Occupied HU | 5,434 (29.7%) |
| Vacant Housing Units | 1,076 ( 5.9%) |
| Median Home Value | $219,702 |
| Average Home Value | $252,263 |
Housing Distribution
Address Breakdown
Residential
17,694
Single Family
16,264
Multi-Family
1,430
Businesses
1,341
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Listed by: Wayne Risser • Century 21 Circle
Mls Name: IRMLS
Mls Provider:
Mls ID: #202509174
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.