40 Ems T15b LnLeesburgIN46538
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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 40 Ems T15b Ln, Leesburg, IN, 46538 listed at $436,250 pairs $3,984/mo rent with a $2,135/mo payment to leave $1,365/mo cash flow. Total monthly income runs $3,984/mo, and annual cash flow reaches $16,386/yr on $144,617 cash to close. Return on cash invested measures 31.24% in year one, and rental yield registers 10.96% at a $436,250 basis. Equity gained on principal adds $2,815/yr, and annual property appreciation at 5% supports $120,528 by year five. Five-year ROI tracks 163.36% and total cumulative return in cash totals $236,253. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,984/mo property income relative to a $2,135/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1993
0.37 Acres lot
$N/A/sqft
No 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: Angela Racolta • Keller Williams Thrive North
Mls Name: IRMLS
Mls Provider:
Mls ID: #202528717
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.