306 N 7th StRensselaerIN47978
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 Rensselaer at 306 N 7th St, Rensselaer, IN, 47978 generates $1,156/mo in rent and, after a $724/mo payment, leaves $268/mo in cash flow. Total monthly income is $1,156/mo, and annual cash flow is $3,217/yr on $49,029 invested. Return on cash invested sits at 26.47% in year one, and rental yield is 9.38% on a $147,900 entry. Equity gained on principal adds $954/yr, while 5% annual appreciation builds toward $40,862 over five years. Five-year ROI reaches 137.88% and total cumulative return in cash sums $67,603. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,156/mo property income rather than buyer’s personal income.
Single Family
Built in 1923
6,708 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47978, Rensselaer, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,710 (100%) |
| Owner Occupied HU | 3,173 (67.4%) |
| Renter Occupied HU | 1,190 (25.3%) |
| Vacant Housing Units | 347 ( 7.4%) |
| Median Home Value | $207,764 |
| Average Home Value | $254,811 |
Housing Distribution
Address Breakdown
Residential
4,454
Single Family
4,324
Multi-Family
130
Businesses
430
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Listed by: Scott Barton • Cornerstone Real Estate Agency
Mls Name: NIRA
Mls Provider:
Mls ID: #819646
Disclaimer: Copyright 2025 MuItiple Listing Service of the Northwest Indiana REALTORS Association, Inc. All rights reserved. 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.