3217 Wakefield RdGoshenIN46528
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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 Goshen at 3217 Wakefield Rd, Goshen, IN, 46528 uses $178,647 cash to close to unlock $4,010/yr annual cash flow and $334/mo monthly cash flow. Total monthly income runs $3,594/mo, and a $2,658/mo payment keeps the spread at $334/mo. Purchase price stands at $543,000, and rental yield measures 7.94% with $3,594/mo rent. Return on cash invested shows 22.31% in year one, and 5% annual appreciation builds toward $150,021 over five years. Five-year ROI reaches 115.43% and total cumulative return in cash records $206,216. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,594/mo property income covering a $2,658/mo payment rather than investor’s personal income.
Single Family
Built in 1990
0.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46528, Goshen, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,790 (100%) |
| Owner Occupied HU | 6,873 (70.2%) |
| Renter Occupied HU | 2,374 (24.2%) |
| Vacant Housing Units | 543 ( 5.5%) |
| Median Home Value | $260,185 |
| Average Home Value | $319,983 |
Housing Distribution
Address Breakdown
Residential
9,047
Single Family
9,013
Multi-Family
34
Businesses
419
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Listed by: Karen Smith • Berkshire Hathaway HomeServices Goshen
Mls Name: IRMLS
Mls Provider:
Mls ID: #202518621
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.