314 E Michigan StLagrangeIN46761
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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 Lagrange at 314 E Michigan St, Lagrange, IN, 46761 offers $1,162/mo rent that, after a $978/mo payment. Total monthly income is $1,162/mo. Return on cash invested measures 19.23% in year one, and rental yield stands at 6.98% at a $199,900 entry. Equity gained on principal adds $1,290/yr while 5% annual appreciation compounds into $55,229 by year five. Five-year ROI records 98.98% and total cumulative return in cash reaches $65,593. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,162/mo property income versus a $978/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
0.32 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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