3540 E Forest Glen AveLeesburgIN46538
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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 Leesburg at 3540 E Forest Glen Ave, Leesburg, IN, 46538 priced at $850,000 converts $2,894/mo rent into after a $4,160/mo obligation. Total monthly income equals $2,894/mo. Return on cash invested prints 10.09% in year one, and rental yield reads 4.09% against a $850,000 entry. Equity gained on principal adds $5,485/yr, while 5% annual appreciation compiles into $234,839 by year five. Five-year ROI reaches 50.07% and total cumulative return in cash sums $140,014. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,894/mo property income covering a $4,160/mo payment, not borrower’s personal income.
Single Family
Built in 1921
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46538, Leesburg, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,792 (100%) |
| Owner Occupied HU | 1,512 (54.2%) |
| Renter Occupied HU | 205 ( 7.3%) |
| Vacant Housing Units | 1,075 (38.5%) |
| Median Home Value | $357,364 |
| Average Home Value | $431,500 |
Housing Distribution
Address Breakdown
Residential
2,050
Single Family
2,050
Multi-Family
0
Businesses
79
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Listed by: Patrick J Pfefferkorn • RE/MAX Results- Warsaw
Mls Name: IRMLS
Mls Provider:
Mls ID: #202436650
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.