404 Ridge CtOssianIN46777
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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 Ossian at 404 Ridge Ct, Ossian, IN, 46777 earns $847/mo cash flow from $2,542/mo rent with a $1,370/mo payment. Total monthly income totals $2,542/mo, and annual cash flow totals $10,164/yr on $92,820 capital. ROI tracks 30.86% on current figures, and rental yield reads 10.89% at a $280,000 purchase. Equity gained on principal adds $1,807/yr, and 5% annual appreciation supports $77,359 over five years. Five-year ROI reaches 161.37% and total cumulative return in cash sums $149,781. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,542/mo property income instead of your personal income.
Single Family
Built in 1997
0.26 Acres lot
$N/A/sqft
$176 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46777, Ossian, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,731 (100%) |
| Owner Occupied HU | 2,141 (78.4%) |
| Renter Occupied HU | 428 (15.7%) |
| Vacant Housing Units | 162 ( 5.9%) |
| Median Home Value | $227,960 |
| Average Home Value | $267,226 |
Housing Distribution
Address Breakdown
Residential
2,606
Single Family
2,547
Multi-Family
59
Businesses
128
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Listed by: Samual Haiflich • BKM Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202521783
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.