401 Queen StGoshenIN46528
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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
Rental property for sale in Goshen at 401 Queen St, Goshen, IN, 46528 priced at $148,500 converts $1,482/mo rent into $464/mo cash flow after a $727/mo obligation. Total monthly income equals $1,482/mo, and annual cash flow totals $5,563/yr on $49,228 invested. Return on cash invested prints 31.21% in year one, and rental yield reads 11.98% against a $148,500 entry. Equity gained on principal adds $958/yr, while 5% annual appreciation compiles into $41,028 by year five. Five-year ROI reaches 164.38% and total cumulative return in cash sums $80,919. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,482/mo property income covering a $727/mo payment, not borrower’s personal income.
Multi Family
Built in 1900
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46528, Goshen, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,790 (100%) |
| Owner Occupied HU | 6,873 (70.2%) |
| Renter Occupied HU | 2,374 (24.2%) |
| Vacant Housing Units | 543 ( 5.5%) |
| Median Home Value | $260,185 |
| Average Home Value | $319,983 |
Housing Distribution
Address Breakdown
Residential
9,047
Single Family
9,013
Multi-Family
34
Businesses
419
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Listed by: Steve Miller • RE/MAX Results-Goshen
Mls Name: IRMLS
Mls Provider:
Mls ID: #202523485
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.