332 Grant StLagrangeIN46761
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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 Lagrange at 332 Grant St, Lagrange, IN, 46761 priced at $143,600 converts $1,502/mo rent into $566/mo cash flow after a $703/mo obligation. Total monthly income equals $1,502/mo, and annual cash flow totals $6,794/yr on $47,603 invested. Return on cash invested prints 34.18% in year one, and rental yield reads 12.55% against a $143,600 entry. Equity gained on principal adds $927/yr, while 5% annual appreciation compiles into $39,674 by year five. Five-year ROI reaches 179.91% and total cumulative return in cash sums $85,645. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,502/mo property income covering a $703/mo payment, not borrower’s personal income.
Single Family
Built in 1901
8,976 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46761, Lagrange, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,525 (100%) |
| Owner Occupied HU | 3,229 (71.4%) |
| Renter Occupied HU | 806 (17.8%) |
| Vacant Housing Units | 490 (10.8%) |
| Median Home Value | $277,128 |
| Average Home Value | $348,306 |
Housing Distribution
Address Breakdown
Residential
4,413
Single Family
4,350
Multi-Family
63
Businesses
341
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