305 Kennedy RdElkhartIL62634
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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 Elkhart at 305 Kennedy Rd, Elkhart, IL, 62634 priced at $169,900 pairs $1,680/mo rent with $501/mo cash flow after a $832/mo payment. Total monthly income equals $1,680/mo, and annual cash flow comes to $6,013/yr on $56,322 invested. Return on cash invested is 30.59% in year one, and rental yield stands at 11.87% on a $169,900 basis. Equity gained on principal adds $1,096/yr, and 5% annual appreciation accumulates to $46,940 by year five. Five-year ROI measures 161.18% and total cumulative return in cash reaches $90,782. For financing, Ziffy Mortgage’s DSCR program evaluates $1,680/mo property income against a $832/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62634, Elkhart, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 422 (100%) |
| Owner Occupied HU | 331 (78.4%) |
| Renter Occupied HU | 54 (12.8%) |
| Vacant Housing Units | 37 ( 8.8%) |
| Median Home Value | $144,063 |
| Average Home Value | $202,560 |
Housing Distribution
Address Breakdown
Residential
295
Single Family
295
Multi-Family
0
Businesses
24
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