409 W Wolf AveElkhartIN46516
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Elkhart at 409 W Wolf Ave, Elkhart, IN, 46516 with 5% annual appreciation on a $142,000 basis while $1,131/mo rent supports operations. Total monthly income totals $1,131/mo and a $695/mo payment preserves $279/mo for cash returns. Annual cash flow comes to $3,343/yr on $47,073 deployed, and return on cash invested reaches 27.01% in year one. Equity gained on principal adds $916/yr, and five-year appreciation sums $39,232 alongside rental yield of 9.56%. Five-year ROI measures 140.75% and total cumulative return in cash totals $66,254.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,131/mo property income versus a $695/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1917
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46516, Elkhart, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,463 (100%) |
| Owner Occupied HU | 7,221 (53.6%) |
| Renter Occupied HU | 5,279 (39.2%) |
| Vacant Housing Units | 963 ( 7.2%) |
| Median Home Value | $172,789 |
| Average Home Value | $240,548 |
Housing Distribution
Address Breakdown
Residential
13,032
Single Family
11,652
Multi-Family
1,380
Businesses
1,157
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices