402 N Maple StLagrangeIN46761
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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 Lagrange at 402 N Maple St, Lagrange, IN, 46761 priced at $215,000 converts $1,308/mo rent into $18/mo cash flow after a $1,052/mo obligation. Total monthly income equals $1,308/mo, and annual cash flow totals $213/yr on $71,273 invested. Return on cash invested prints 20.21% in year one, and rental yield reads 7.3% against a $215,000 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation compiles into $59,401 by year five. Five-year ROI reaches 104.2% and total cumulative return in cash sums $74,269. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,308/mo property income covering a $1,052/mo payment, not borrower’s personal income.
Single Family
Built in 1966
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46761, Lagrange, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,525 (100%) |
| Owner Occupied HU | 3,229 (71.4%) |
| Renter Occupied HU | 806 (17.8%) |
| Vacant Housing Units | 490 (10.8%) |
| Median Home Value | $277,128 |
| Average Home Value | $348,306 |
Housing Distribution
Address Breakdown
Residential
4,413
Single Family
4,350
Multi-Family
63
Businesses
341
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