3360 N 980 WShipshewanaIN46565
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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 Shipshewana at 3360 N 980 W, Shipshewana, IN, 46565 generates $2,060/mo in rent and, after a $861/mo payment, leaves $1,004/mo in cash flow. Total monthly income is $2,060/mo, and annual cash flow is $12,047/yr on $58,344 invested. Return on cash invested sits at 40.56% in year one, and rental yield is 14.05% on a $176,000 entry. Equity gained on principal adds $1,136/yr, while 5% annual appreciation builds toward $48,626 over five years. Five-year ROI reaches 213.32% and total cumulative return in cash sums $124,461. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,060/mo property income rather than buyer’s personal income.
Manufactured
Built in 1999
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46565, Shipshewana, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,896 (100%) |
| Owner Occupied HU | 2,232 (77.1%) |
| Renter Occupied HU | 472 (16.3%) |
| Vacant Housing Units | 192 ( 6.6%) |
| Median Home Value | $385,242 |
| Average Home Value | $482,843 |
Housing Distribution
Address Breakdown
Residential
2,641
Single Family
2,641
Multi-Family
0
Businesses
297
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Listed by: Traci Parcell • McKinnies Realty, LLC Elkhart
Mls Name: IRMLS
Mls Provider:
Mls ID: #202540263
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.