328 N State St #1-5KendallvilleIN46755
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Nearby investment properties with comparable prices
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 Kendallville at 328 N State St #1-5, Kendallville, IN, 46755 offers a 3.95% rental yield on a $370,000 purchase with $1,217/mo rent. 09% in year one. Equity gained on principal adds $2,388/yr while 5% annual appreciation supports $102,224 over five years. Portfolio math shows five-year ROI at 49.92% and total cumulative return in cash at $61,229. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,217/mo property income against a $1,811/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1870
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46755, Kendallville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,806 (100%) |
| Owner Occupied HU | 4,479 (65.8%) |
| Renter Occupied HU | 1,833 (26.9%) |
| Vacant Housing Units | 494 ( 7.3%) |
| Median Home Value | $205,982 |
| Average Home Value | $263,814 |
Housing Distribution
Address Breakdown
Residential
6,412
Single Family
6,211
Multi-Family
201
Businesses
547
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Listed by: Nicole Schnurr • Open Door Rentals and Real Estate
Mls Name: IRMLS
Mls ID: #202540110