3855 W Lakeshore DrColumbia CityIN46725
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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 Columbia City at 3855 W Lakeshore Dr, Columbia City, IN, 46725 listed at $285,900 pairs $1,500/mo rent with a $1,399/mo payment. Total monthly income runs $1,500/mo. Return on cash invested measures 17.18% in year one, and rental yield registers 6.3% at a $285,900 basis. Equity gained on principal adds $1,845/yr, and annual property appreciation at 5% supports $78,989 by year five. Five-year ROI tracks 87.97% and total cumulative return in cash totals $83,377. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,500/mo property income relative to a $1,399/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1956
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46725, Columbia City, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,000 (100%) |
| Owner Occupied HU | 8,209 (74.6%) |
| Renter Occupied HU | 2,037 (18.5%) |
| Vacant Housing Units | 754 ( 6.9%) |
| Median Home Value | $235,679 |
| Average Home Value | $280,163 |
Housing Distribution
Address Breakdown
Residential
10,474
Single Family
10,069
Multi-Family
405
Businesses
694
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Listed by: Rex L Brower • RE/MAX Integrity
Mls Name: IRMLS
Mls ID: #202537707