321 W Pine 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 321 W Pine St, Topeka, IN, 46571 listed at $185,000 pairs $1,895/mo rent with a $905/mo payment to leave $785/mo cash flow. Total monthly income runs $1,895/mo, and annual cash flow reaches $9,420/yr on $61,328 cash to close. Return on cash invested measures 35.27% in year one, and rental yield registers 12.29% at a $185,000 basis. Equity gained on principal adds $1,194/yr, and annual property appreciation at 5% supports $51,112 by year five. Five-year ROI tracks 184.95% and total cumulative return in cash totals $113,427. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,895/mo property income relative to a $905/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
9,147 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: Nicolas Wyse • RE/MAX Results-Goshen
Mls Name: IRMLS
Mls Provider:
Mls ID: #202528278
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.