315 Mill StGenevaIN46740
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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 Geneva at 315 Mill St, Geneva, IN, 46740 priced at $142,000 pairs $1,115/mo rent with $263/mo cash flow after a $695/mo payment. Total monthly income equals $1,115/mo, and annual cash flow comes to $3,151/yr on $47,073 invested. Return on cash invested is 26.6% in year one, and rental yield stands at 9.42% on a $142,000 basis. Equity gained on principal adds $916/yr, and 5% annual appreciation accumulates to $39,232 by year five. Five-year ROI measures 138.5% and total cumulative return in cash reaches $65,198. For financing, Ziffy Mortgage’s DSCR program evaluates $1,115/mo property income against a $695/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1940
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46740, Geneva, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,394 (100%) |
| Owner Occupied HU | 1,041 (74.7%) |
| Renter Occupied HU | 252 (18.1%) |
| Vacant Housing Units | 101 ( 7.2%) |
| Median Home Value | $231,954 |
| Average Home Value | $290,639 |
Housing Distribution
Address Breakdown
Residential
1,120
Single Family
1,080
Multi-Family
40
Businesses
56
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