375 E Country LnShipshewanaIN46565
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 Shipshewana at 375 E Country Ln, Shipshewana, IN, 46565 priced at $339,000 pairs $2,424/mo rent with $389/mo cash flow after a $1,659/mo payment. Total monthly income equals $2,424/mo, and annual cash flow comes to $4,671/yr on $112,379 invested. Return on cash invested is 24.07% in year one, and rental yield stands at 8.58% on a $339,000 basis. Equity gained on principal adds $2,188/yr, and 5% annual appreciation accumulates to $93,659 by year five. Five-year ROI measures 124.93% and total cumulative return in cash reaches $140,392. For financing, Ziffy Mortgage’s DSCR program evaluates $2,424/mo property income against a $1,659/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2024
0.25 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Natasha Hernandez • Keller Williams Thrive South
Mls Name: IRMLS
Mls Provider:
Mls ID: #202434458
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.