410 E Davis StShipshewanaIN46565
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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 Shipshewana at 410 E Davis St, Shipshewana, IN, 46565 offers a 8.04% rental yield on a $385,000 purchase with $2,579/mo rent. Total monthly income registers $2,579/mo, and a $1,884/mo payment leaves $268/mo available for distribution. Annual cash flow reaches $3,219/yr on $127,628 to close, and return on cash invested stands at 22.43% in year one. Equity gained on principal adds $2,484/yr while 5% annual appreciation supports $106,368 over five years. Portfolio math shows five-year ROI at 116.14% and total cumulative return in cash at $148,222. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,579/mo property income against a $1,884/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46565, Shipshewana, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,896 (100%) |
| Owner Occupied HU | 2,232 (77.1%) |
| Renter Occupied HU | 472 (16.3%) |
| Vacant Housing Units | 192 ( 6.6%) |
| Median Home Value | $385,242 |
| Average Home Value | $482,843 |
Housing Distribution
Address Breakdown
Residential
2,641
Single Family
2,641
Multi-Family
0
Businesses
297
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Listed by: Michael J Patka • Grogg Martin Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202507928
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.