404 N Elizabeth StAngolaIN46703
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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 Angola at 404 N Elizabeth St, Angola, IN, 46703 with 5% annual appreciation on a $166,000 basis while $2,615/mo rent supports operations. Total monthly income totals $2,615/mo and a $812/mo payment preserves $1,619/mo for cash returns. Annual cash flow comes to $19,428/yr on $55,029 deployed, and return on cash invested reaches 55.21% in year one. Equity gained on principal adds $1,071/yr, and five-year appreciation sums $45,863 alongside rental yield of 18.9%. Five-year ROI measures 292.02% and total cumulative return in cash totals $160,693.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,615/mo property income versus a $812/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1925
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46703, Angola, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,798 (100%) |
| Owner Occupied HU | 5,429 (55.4%) |
| Renter Occupied HU | 2,052 (20.9%) |
| Vacant Housing Units | 2,317 (23.6%) |
| Median Home Value | $272,006 |
| Average Home Value | $345,110 |
Housing Distribution
Address Breakdown
Residential
7,691
Single Family
7,223
Multi-Family
468
Businesses
858
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Listed by: Tracey Musser • RE/MAX Results
Mls Name: IRMLS
Mls Provider:
Mls ID: #202523282
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.