403 E Kendall St, La Fontaine, IN, 46940 | 6.79% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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403 E Kendall St, La Fontaine, IN, 46940 | 6.79% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in La Fontaine at 403 E Kendall St, La Fontaine, IN, 46940 offers $1,584/mo rent that, after a $1,370/mo payment. Total monthly income is $1,584/mo. Return on cash invested measures 18.66% in year one, and rental yield stands at 6.79% at a $280,000 entry. Equity gained on principal adds $1,807/yr while 5% annual appreciation compounds into $77,359 by year five. Five-year ROI records 95.92% and total cumulative return in cash reaches $89,037. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,584/mo property income versus a $1,370/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1910

0.50 Acres lot

$N/A/sqft

No HOA

More details about the property

Beautiful, completely new, updated home! Quality built home with solid surface counter tops in kitchen and quartz in bathrooms. This home has so much to offer. New from the studs out. All newly encapsulated basement area with French drainage system, all new electrical, plumbing, furnace and central air, new siding, concrete porch with new sidewalks new roof and gutters with gutter guards, asphalt driveway and appliances. Three bedrooms with two full bathrooms, laundry room on the main level. Plus a two car detached garage. All on half an acre! Agent related to seller.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46940, La Fontaine, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,145 (100%)
Owner Occupied HU	847 (74.0%)
Renter Occupied HU	172 (15.0%)
Vacant Housing Units	126 (11.0%)
Median Home Value	$202,446
Average Home Value	$244,976