309 Forrest Park DrGarrettIN46738
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
Investment property for sale in Garrett at 309 Forrest Park Dr, Garrett, IN, 46738 at $345,000 posts ROI 30.87% with $1,045/mo cash flow from $3,116/mo rent. Total monthly income equals $3,116/mo, and annual cash flow records $12,535/yr on $114,368 to close. Return on cash invested measures 30.87% and rental yield reads 10.84% at the current $345,000. Equity gained on principal adds $2,226/yr, and 5% annual appreciation supports $95,317 by year five. Five-year ROI prints 161.39% and total cumulative return in cash totals $184,576.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,116/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2023
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46738, Garrett, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,457 (100%) |
| Owner Occupied HU | 2,591 (74.9%) |
| Renter Occupied HU | 727 (21.0%) |
| Vacant Housing Units | 139 ( 4.0%) |
| Median Home Value | $197,979 |
| Average Home Value | $219,234 |
Housing Distribution
Address Breakdown
Residential
3,317
Single Family
3,217
Multi-Family
100
Businesses
233
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices