301 E Main StMentoneIN46539
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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 Mentone at 301 E Main St, Mentone, IN, 46539 uses $64,643 cash to close to unlock $10,372/yr annual cash flow and $864/mo monthly cash flow. Total monthly income runs $2,093/mo, and a $954/mo payment keeps the spread at $864/mo. Purchase price stands at $195,000, and rental yield measures 12.88% with $2,093/mo rent. Return on cash invested shows 35.95% in year one, and 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 189.09% and total cumulative return in cash records $122,230. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,093/mo property income covering a $954/mo payment rather than investor’s personal income.
Single Family
Built in 1900
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46539, Mentone, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,014 (100%) |
| Owner Occupied HU | 711 (70.1%) |
| Renter Occupied HU | 184 (18.1%) |
| Vacant Housing Units | 119 (11.7%) |
| Median Home Value | $178,879 |
| Average Home Value | $248,822 |
Housing Distribution
Address Breakdown
Residential
738
Single Family
717
Multi-Family
21
Businesses
62
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Listed by: Orville M Haney • Homes Land & Lakes Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202526482
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.