405 Spruce DrTrail CreekIN46360
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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 Trail Creek at 405 Spruce Dr, Trail Creek, IN, 46360 offers a 8.55% rental yield on a $225,900 purchase with $1,610/mo rent. Total monthly income registers $1,610/mo, and a $1,106/mo payment leaves $254/mo available for distribution. Annual cash flow reaches $3,043/yr on $74,886 to close, and return on cash invested stands at 23.97% in year one. Equity gained on principal adds $1,458/yr while 5% annual appreciation supports $62,412 over five years. Portfolio math shows five-year ROI at 124.42% and total cumulative return in cash at $93,171. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,610/mo property income against a $1,106/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1964
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46360, Michigan City, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,591 (100%) |
| Owner Occupied HU | 11,713 (54.2%) |
| Renter Occupied HU | 6,451 (29.9%) |
| Vacant Housing Units | 3,427 (15.9%) |
| Median Home Value | $182,550 |
| Average Home Value | $260,534 |
Housing Distribution
Address Breakdown
Residential
19,767
Single Family
17,144
Multi-Family
2,623
Businesses
1,421
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Listed by: Vince Kisala • Coldwell Banker Real Estate Gr
Mls Name: NIRA
Mls ID: #833280