3586 E Forest Glen Ave #5LeesburgIN46538
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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
Investment property for sale in Leesburg at 3586 E Forest Glen Ave #5, Leesburg, IN, 46538 offers a 6.62% rental yield on a $435,000 purchase with $2,400/mo rent. 17% in year one. Equity gained on principal adds $2,807/yr while 5% annual appreciation supports $120,182 over five years. Portfolio math shows five-year ROI at 78.27% and total cumulative return in cash at $112,872. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,400/mo property income against a $2,129/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1981
5,662 sqft lot
$N/A/sqft
$4,300 annually 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: James Bausch • RE/MAX Results- Warsaw
Mls Name: IRMLS
Mls Provider:
Mls ID: #202530858
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.