301 W Indiana AveNappaneeIN46550
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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 Nappanee at 301 W Indiana Ave, Nappanee, IN, 46550 priced at $304,600 converts $1,904/mo rent into $46/mo cash flow after a $1,491/mo obligation. Total monthly income equals $1,904/mo, and annual cash flow totals $548/yr on $100,975 invested. Return on cash invested prints 20.45% in year one, and rental yield reads 7.5% against a $304,600 entry. Equity gained on principal adds $1,966/yr, while 5% annual appreciation compiles into $84,155 by year five. Five-year ROI reaches 105.65% and total cumulative return in cash sums $106,684. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,904/mo property income covering a $1,491/mo payment, not borrower’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: 46550, Nappanee, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,876 (100%) |
| Owner Occupied HU | 3,359 (68.9%) |
| Renter Occupied HU | 1,222 (25.1%) |
| Vacant Housing Units | 295 ( 6.1%) |
| Median Home Value | $271,504 |
| Average Home Value | $301,080 |
Housing Distribution
Address Breakdown
Residential
4,679
Single Family
4,518
Multi-Family
161
Businesses
386
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