304 N Main StColumbia CityIN46725
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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 Columbia City at 304 N Main St, Columbia City, IN, 46725 priced at $329,900 converts $2,824/mo rent into $843/mo cash flow after a $1,615/mo obligation. Total monthly income equals $2,824/mo, and annual cash flow totals $10,120/yr on $109,362 invested. Return on cash invested prints 29.16% in year one, and rental yield reads 10.27% against a $329,900 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation compiles into $91,145 by year five. Five-year ROI reaches 152.25% and total cumulative return in cash sums $166,503. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,824/mo property income covering a $1,615/mo payment, not borrower’s personal income.
Single Family
Built in 1880
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46725, Columbia City, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,000 (100%) |
| Owner Occupied HU | 8,209 (74.6%) |
| Renter Occupied HU | 2,037 (18.5%) |
| Vacant Housing Units | 754 ( 6.9%) |
| Median Home Value | $235,679 |
| Average Home Value | $280,163 |
Housing Distribution
Address Breakdown
Residential
10,474
Single Family
10,069
Multi-Family
405
Businesses
694
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Listed by: Kimberly Slucher • CENTURY 21 Bradley Realty, Inc
Mls Name: IRMLS
Mls ID: #202540309