3035 S Wolf DrPleasant LakeIN46779
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Pleasant Lake at 3035 S Wolf Dr, Pleasant Lake, IN, 46779 priced at $200,000 converts $1,064/mo rent into after a $979/mo obligation. Total monthly income equals $1,064/mo. Return on cash invested prints 17.36% in year one, and rental yield reads 6.38% against a $200,000 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation compiles into $55,256 by year five. Five-year ROI reaches 89.03% and total cumulative return in cash sums $59,024. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,064/mo property income covering a $979/mo payment, not borrower’s personal income.
Single Family
Built in 1972
8,842 sqft lot
$N/A/sqft
$50 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46779, Pleasant Lake, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 906 (100%) |
| Owner Occupied HU | 632 (69.8%) |
| Renter Occupied HU | 96 (10.6%) |
| Vacant Housing Units | 178 (19.6%) |
| Median Home Value | $266,379 |
| Average Home Value | $297,441 |
Housing Distribution
Address Breakdown
Residential
740
Single Family
740
Multi-Family
0
Businesses
20
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Linda Mynhier • RE/MAX Results - Angola office
Mls Name: IRMLS
Mls Provider:
Mls ID: #202518268
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.