403 N Main StKendallvilleIN46755
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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 Kendallville at 403 N Main St, Kendallville, IN, 46755 with 5% annual appreciation on a $229,000 basis while $2,230/mo rent supports operations. Total monthly income totals $2,230/mo and a $1,121/mo payment preserves $855/mo for cash returns. Annual cash flow comes to $10,262/yr on $75,914 deployed, and return on cash invested reaches 33.43% in year one. Equity gained on principal adds $1,478/yr, and five-year appreciation sums $63,268 alongside rental yield of 11.69%. Five-year ROI measures 175.14% and total cumulative return in cash totals $132,953.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,230/mo property income versus a $1,121/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1910
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46755, Kendallville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,806 (100%) |
| Owner Occupied HU | 4,479 (65.8%) |
| Renter Occupied HU | 1,833 (26.9%) |
| Vacant Housing Units | 494 ( 7.3%) |
| Median Home Value | $205,982 |
| Average Home Value | $263,814 |
Housing Distribution
Address Breakdown
Residential
6,412
Single Family
6,211
Multi-Family
201
Businesses
547
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Listed by: Michael Shoup • Booth Rose Krebs, Inc
Mls Name: IRMLS
Mls ID: #202600216