308 W Jackson StMentoneIN46539
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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
Rental property for sale in Mentone at 308 W Jackson St, Mentone, IN, 46539 generates $1,084/mo in rent and, after a $697/mo payment, leaves $229/mo in cash flow. Total monthly income is $1,084/mo, and annual cash flow is $2,749/yr on $47,239 invested. Return on cash invested sits at 25.73% in year one, and rental yield is 9.13% on a $142,500 entry. Equity gained on principal adds $920/yr, while 5% annual appreciation builds toward $39,370 over five years. Five-year ROI reaches 133.91% and total cumulative return in cash sums $63,255. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,084/mo property income rather than buyer’s personal income.
Single Family
Built in 1966
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46539, Mentone, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,014 (100%) |
| Owner Occupied HU | 711 (70.1%) |
| Renter Occupied HU | 184 (18.1%) |
| Vacant Housing Units | 119 (11.7%) |
| Median Home Value | $178,879 |
| Average Home Value | $248,822 |
Housing Distribution
Address Breakdown
Residential
738
Single Family
717
Multi-Family
21
Businesses
62
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Listed by: Julie Hall • Patton Hall Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202508906
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.