3118 E Us Highway 6KendallvilleIN46755
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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 Kendallville at 3118 E Us Highway 6, Kendallville, IN, 46755 listed at $263,000 pairs $2,694/mo rent with a $1,287/mo payment to leave $1,116/mo cash flow. Total monthly income runs $2,694/mo, and annual cash flow reaches $13,386/yr on $87,185 cash to close. Return on cash invested measures 35.26% in year one, and rental yield registers 12.29% at a $263,000 basis. Equity gained on principal adds $1,697/yr, and annual property appreciation at 5% supports $72,662 by year five. Five-year ROI tracks 184.94% and total cumulative return in cash totals $161,243. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,694/mo property income relative to a $1,287/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
4.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46755, Kendallville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,806 (100%) |
| Owner Occupied HU | 4,479 (65.8%) |
| Renter Occupied HU | 1,833 (26.9%) |
| Vacant Housing Units | 494 ( 7.3%) |
| Median Home Value | $205,982 |
| Average Home Value | $263,814 |
Housing Distribution
Address Breakdown
Residential
6,412
Single Family
6,211
Multi-Family
201
Businesses
547
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Listed by: Elius Hogan • Hosler Realty Inc - Kendallville
Mls Name: IRMLS
Mls Provider:
Mls ID: #202433617
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.