3804 Nordway RdKingsford HeightsIN46346
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 Kingsford Heights at 3804 Nordway Rd, Kingsford Heights, IN, 46346 offers $1,016/mo rent that, after a $650/mo payment, leaves $219/mo cash flow. Total monthly income is $1,016/mo, and annual cash flow is $2,625/yr on $44,056 cash. Return on cash invested measures 25.87% in year one, and rental yield stands at 9.17% at a $132,899 entry. Equity gained on principal adds $858/yr while 5% annual appreciation compounds into $36,718 by year five. Five-year ROI records 134.56% and total cumulative return in cash reaches $59,281. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,016/mo property income versus a $650/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2004
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46346, Kingsford Heights, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 522 (100%) |
| Owner Occupied HU | 319 (61.1%) |
| Renter Occupied HU | 145 (27.8%) |
| Vacant Housing Units | 58 (11.1%) |
| Median Home Value | $109,012 |
| Average Home Value | $156,042 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
17
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Nearby investment properties with comparable prices
Listed by: Edie Fienemann • McColly Real Estate
Mls Name: NIRA
Mls Provider:
Mls ID: #807389
Disclaimer: Copyright 2024 MuItiple Listing Service of the Northwest Indiana REALTORS Association, Inc. All rights reserved. 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.