407 N 3rd StKentlandIN47951
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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 Kentland at 407 N 3rd St, Kentland, IN, 47951 uses $76,079 cash to close to unlock $3,044/yr annual cash flow and $254/mo monthly cash flow. Total monthly income runs $1,631/mo, and a $1,123/mo payment keeps the spread at $254/mo. Purchase price stands at $229,500, and rental yield measures 8.53% with $1,631/mo rent. Return on cash invested shows 23.91% in year one, and 5% annual appreciation builds toward $63,407 over five years. Five-year ROI reaches 124.06% and total cumulative return in cash records $94,386. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,631/mo property income covering a $1,123/mo payment rather than investor’s personal income.
Single Family
Built in 1904
8,498 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47951, Kentland, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 990 (100%) |
| Owner Occupied HU | 671 (67.8%) |
| Renter Occupied HU | 244 (24.6%) |
| Vacant Housing Units | 75 ( 7.6%) |
| Median Home Value | $111,384 |
| Average Home Value | $138,081 |
Housing Distribution
Address Breakdown
Residential
943
Single Family
898
Multi-Family
45
Businesses
138
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