340 E Washington StNorth WebsterIN46555
Nearby investment properties with comparable rents
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
Rental property for sale in North Webster at 340 E Washington St, North Webster, IN, 46555 offers $2,215/mo rent that, after a $1,539/mo payment, leaves $327/mo cash flow. Total monthly income is $2,215/mo, and annual cash flow is $3,929/yr on $104,257 cash. Return on cash invested measures 23.68% in year one, and rental yield stands at 8.45% at a $314,500 entry. Equity gained on principal adds $2,029/yr while 5% annual appreciation compounds into $86,891 by year five. Five-year ROI records 122.84% and total cumulative return in cash reaches $128,068. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,215/mo property income versus a $1,539/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1941
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46555, North Webster, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,881 (100%) |
| Owner Occupied HU | 994 (52.8%) |
| Renter Occupied HU | 233 (12.4%) |
| Vacant Housing Units | 654 (34.8%) |
| Median Home Value | $276,596 |
| Average Home Value | $332,050 |
Housing Distribution
Address Breakdown
Residential
1,155
Single Family
1,155
Multi-Family
0
Businesses
186
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Nearby investment properties with comparable prices
Listed by: Katie Conrad • Coldwell Banker Real Estate Group
Mls Name: IRMLS
Mls ID: #202530727