3700 Saint Andrews PlElkhartIN46517
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 Elkhart at 3700 Saint Andrews Pl, Elkhart, IN, 46517 priced at $379,900 converts $2,472/mo rent into $142/mo cash flow after a $1,859/mo obligation. Total monthly income equals $2,472/mo, and annual cash flow totals $1,699/yr on $125,937 invested. Return on cash invested prints 21.26% in year one, and rental yield reads 7.81% against a $379,900 entry. Equity gained on principal adds $2,451/yr, while 5% annual appreciation compiles into $104,959 by year five. Five-year ROI reaches 110.02% and total cumulative return in cash sums $138,557. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,472/mo property income covering a $1,859/mo payment, not borrower’s personal income.
Single Family
Built in 1998
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46517, Elkhart, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,200 (100%) |
| Owner Occupied HU | 5,614 (61.0%) |
| Renter Occupied HU | 3,089 (33.6%) |
| Vacant Housing Units | 497 ( 5.4%) |
| Median Home Value | $214,555 |
| Average Home Value | $266,234 |
Housing Distribution
Address Breakdown
Residential
9,030
Single Family
7,959
Multi-Family
1,071
Businesses
580
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jennifer Kerrn • Keller Williams Realty Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202516501
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.