3102 Center StTippecanoeIN46570
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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 Tippecanoe at 3102 Center St, Tippecanoe, IN, 46570 uses $55,427 cash to close to unlock $6,951/yr annual cash flow and $579/mo monthly cash flow. Total monthly income runs $1,583/mo, and a $818/mo payment keeps the spread at $579/mo. Purchase price stands at $167,200, and rental yield measures 11.36% with $1,583/mo rent. Return on cash invested shows 32.45% in year one, and 5% annual appreciation builds toward $46,194 over five years. Five-year ROI reaches 169.92% and total cumulative return in cash records $94,182. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,583/mo property income covering a $818/mo payment rather than investor’s personal income.
Single Family
Built in 1955
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46570, Tippecanoe, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 425 (100%) |
| Owner Occupied HU | 334 (78.6%) |
| Renter Occupied HU | 56 (13.2%) |
| Vacant Housing Units | 35 ( 8.2%) |
| Median Home Value | $244,318 |
| Average Home Value | $233,353 |
Housing Distribution
Address Breakdown
Residential
428
Single Family
428
Multi-Family
0
Businesses
13
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