310 E Dunlap StKentlandIN47951
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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 Kentland at 310 E Dunlap St, Kentland, IN, 47951 priced at $149,900 converts $1,541/mo rent into $547/mo cash flow after a $734/mo obligation. Total monthly income equals $1,541/mo, and annual cash flow totals $6,568/yr on $49,692 invested. Return on cash invested prints 33.13% in year one, and rental yield reads 12.34% against a $149,900 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation compiles into $41,415 by year five. Five-year ROI reaches 174.38% and total cumulative return in cash sums $86,651. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,541/mo property income covering a $734/mo payment, not borrower’s personal income.
Multi Family
Built in 1927
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47951, Kentland, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 990 (100%) |
| Owner Occupied HU | 671 (67.8%) |
| Renter Occupied HU | 244 (24.6%) |
| Vacant Housing Units | 75 ( 7.6%) |
| Median Home Value | $111,384 |
| Average Home Value | $138,081 |
Housing Distribution
Address Breakdown
Residential
943
Single Family
898
Multi-Family
45
Businesses
138
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Listed by: Daniel Walstra • Countryside Realty
Mls Name: NIRA
Mls Provider:
Mls ID: #817659
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