3179 Center StTippecanoeIN46570
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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 Tippecanoe at 3179 Center St, Tippecanoe, IN, 46570 generates $1,212/mo in rent and, after a $612/mo payment, leaves $461/mo in cash flow. Total monthly income is $1,212/mo, and annual cash flow is $5,538/yr on $41,438 invested. Return on cash invested sits at 33.27% in year one, and rental yield is 11.64% on a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 174.32% and total cumulative return in cash sums $72,233. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,212/mo property income rather than buyer’s personal income.
Manufactured
Built in 1990
3.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46570, Tippecanoe, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 425 (100%) |
| Owner Occupied HU | 334 (78.6%) |
| Renter Occupied HU | 56 (13.2%) |
| Vacant Housing Units | 35 ( 8.2%) |
| Median Home Value | $244,318 |
| Average Home Value | $233,353 |
Housing Distribution
Address Breakdown
Residential
428
Single Family
428
Multi-Family
0
Businesses
13
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Listed by: Anna Gilsinger • RE/MAX Results
Mls Name: IRMLS
Mls ID: #202547280