311 Grant StLagrangeIN46761
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
Rental property for sale in Lagrange at 311 Grant St, Lagrange, IN, 46761 priced at $171,400 pairs $1,566/mo rent with $537/mo cash flow after a $839/mo payment. Total monthly income equals $1,566/mo, and annual cash flow comes to $6,444/yr on $56,819 invested. Return on cash invested is 31.25% in year one, and rental yield stands at 10.96% on a $171,400 basis. Equity gained on principal adds $1,106/yr, and 5% annual appreciation accumulates to $47,355 by year five. Five-year ROI measures 163.52% and total cumulative return in cash reaches $92,909. For financing, Ziffy Mortgage’s DSCR program evaluates $1,566/mo property income against a $839/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1900
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46761, Lagrange, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,525 (100%) |
| Owner Occupied HU | 3,229 (71.4%) |
| Renter Occupied HU | 806 (17.8%) |
| Vacant Housing Units | 490 (10.8%) |
| Median Home Value | $277,128 |
| Average Home Value | $348,306 |
Housing Distribution
Address Breakdown
Residential
4,413
Single Family
4,350
Multi-Family
63
Businesses
341
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