306 N Garfield StLynnIN47355
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 Lynn at 306 N Garfield St, Lynn, IN, 47355 offers $1,432/mo rent that, after a $768/mo payment, leaves $490/mo cash flow. Total monthly income is $1,432/mo, and annual cash flow is $5,880/yr on $52,046 cash. Return on cash invested measures 31.21% in year one, and rental yield stands at 10.95% at a $157,000 entry. Equity gained on principal adds $1,013/yr while 5% annual appreciation compounds into $43,376 by year five. Five-year ROI records 163.16% and total cumulative return in cash reaches $84,920. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,432/mo property income versus a $768/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1952
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47355, Lynn, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,185 (100%) |
| Owner Occupied HU | 822 (69.4%) |
| Renter Occupied HU | 268 (22.6%) |
| Vacant Housing Units | 95 ( 8.0%) |
| Median Home Value | $116,398 |
| Average Home Value | $155,657 |
Housing Distribution
Address Breakdown
Residential
827
Single Family
800
Multi-Family
27
Businesses
43
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