304 N Main StSouth WhitleyIN46787
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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 South Whitley at 304 N Main St, South Whitley, IN, 46787 listed at $145,000 pairs $1,336/mo rent with a $710/mo payment to leave $465/mo cash flow. Total monthly income runs $1,336/mo, and annual cash flow reaches $5,583/yr on $48,068 cash to close. Return on cash invested measures 31.52% in year one, and rental yield registers 11.06% at a $145,000 basis. Equity gained on principal adds $936/yr, and annual property appreciation at 5% supports $40,061 by year five. Five-year ROI tracks 164.96% and total cumulative return in cash totals $79,292. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,336/mo property income relative to a $710/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1950
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46787, South Whitley, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,596 (100%) |
| Owner Occupied HU | 1,266 (79.3%) |
| Renter Occupied HU | 261 (16.4%) |
| Vacant Housing Units | 69 ( 4.3%) |
| Median Home Value | $191,438 |
| Average Home Value | $235,302 |
Housing Distribution
Address Breakdown
Residential
1,589
Single Family
1,589
Multi-Family
0
Businesses
83
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Listed by: Alysia Hammel • Re/Max Lakes
Mls Name: IRMLS
Mls Provider:
Mls ID: #202517087
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.