317 E Lake StTopekaIN46571
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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 Topeka at 317 E Lake St, Topeka, IN, 46571 with 5% annual appreciation on a $246,000 basis while $1,662/mo rent supports operations. Total monthly income totals $1,662/mo and a $1,204/mo payment preserves $185/mo for cash returns. Annual cash flow comes to $2,224/yr on $81,549 deployed, and return on cash invested reaches 22.64% in year one. Equity gained on principal adds $1,587/yr, and five-year appreciation sums $67,965 alongside rental yield of 8.11%. Five-year ROI measures 117.25% and total cumulative return in cash totals $95,618.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,662/mo property income versus a $1,204/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1900
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46571, Topeka, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,757 (100%) |
| Owner Occupied HU | 1,392 (79.2%) |
| Renter Occupied HU | 291 (16.6%) |
| Vacant Housing Units | 74 ( 4.2%) |
| Median Home Value | $467,302 |
| Average Home Value | $538,953 |
Housing Distribution
Address Breakdown
Residential
1,408
Single Family
1,408
Multi-Family
0
Businesses
163
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Listed by: Virgen Morales • Lewis & Lambright Inc
Mls Name: IRMLS
Mls Provider:
Mls ID: #202514702
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.