301 S Maple StNorth ManchesterIN46962
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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 North Manchester at 301 S Maple St, North Manchester, IN, 46962 with 5% annual appreciation on a $190,000 basis while $1,148/mo rent supports operations. Total monthly income totals $1,148/mo and a $930/mo payment preserves $7/mo for cash returns. Annual cash flow comes to $89/yr on $62,985 deployed, and return on cash invested reaches 20.05% in year one. Equity gained on principal adds $1,226/yr, and five-year appreciation sums $52,494 alongside rental yield of 7.25%. Five-year ROI measures 103.4% and total cumulative return in cash totals $65,124.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,148/mo property income versus a $930/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1910
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46962, North Manchester, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,818 (100%) |
| Owner Occupied HU | 2,537 (66.4%) |
| Renter Occupied HU | 941 (24.6%) |
| Vacant Housing Units | 340 ( 8.9%) |
| Median Home Value | $169,696 |
| Average Home Value | $234,758 |
Housing Distribution
Address Breakdown
Residential
3,480
Single Family
3,416
Multi-Family
64
Businesses
281
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Listed by: Andrea Greer Markham • Manchester Realty
Mls Name: IRMLS
Mls ID: #202531354