4106 W Prairie DrLeesburgIN46538
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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
Rental property for sale in Leesburg at 4106 W Prairie Dr, Leesburg, IN, 46538 generates $2,136/mo in rent and, after a $979/mo payment, leaves $935/mo in cash flow. Total monthly income is $2,136/mo, and annual cash flow is $11,224/yr on $66,300 invested. Return on cash invested sits at 36.84% in year one, and rental yield is 12.82% on a $200,000 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 193.42% and total cumulative return in cash sums $128,240. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,136/mo property income rather than buyer’s personal income.
Manufactured
Built in 1978
1.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46538, Leesburg, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,792 (100%) |
| Owner Occupied HU | 1,512 (54.2%) |
| Renter Occupied HU | 205 ( 7.3%) |
| Vacant Housing Units | 1,075 (38.5%) |
| Median Home Value | $357,364 |
| Average Home Value | $431,500 |
Housing Distribution
Address Breakdown
Residential
2,050
Single Family
2,050
Multi-Family
0
Businesses
79
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Listed by: Carrie Slabaugh • Coldwell Banker Real Estate Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202521205
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.