306 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
Investment property for sale in Columbia City at 306 N Main St, Columbia City, IN, 46725 uses $92,787 cash to close to unlock $26,377/yr annual cash flow and $2,198/mo monthly cash flow. Total monthly income runs $3,942/mo, and a $1,370/mo payment keeps the spread at $2,198/mo. Purchase price stands at $279,900, and rental yield measures 16.9% with $3,942/mo rent. Return on cash invested shows 48.34% in year one, and 5% annual appreciation builds toward $77,331 over five years. Five-year ROI reaches 255.4% and total cumulative return in cash records $236,977. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,942/mo property income covering a $1,370/mo payment rather than investor’s personal income.
Single Family
Built in 1938
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: Gregory A Fahl • Orizon Real Estate, Inc.
Mls Name: IRMLS
Mls Provider:
Mls ID: #202506400
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.