4340 Midway RdElkhartIN46517
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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 Elkhart at 4340 Midway Rd, Elkhart, IN, 46517 earns $1,008/mo cash flow from $2,539/mo rent with a $1,248/mo payment. Total monthly income totals $2,539/mo, and annual cash flow totals $12,100/yr on $84,533 capital. ROI tracks 34.22% on current figures, and rental yield reads 11.95% at a $255,000 purchase. Equity gained on principal adds $1,645/yr, and 5% annual appreciation supports $70,452 over five years. Five-year ROI reaches 179.4% and total cumulative return in cash sums $151,652. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,539/mo property income instead of your personal income.
Single Family
Built in 1966
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46517, Elkhart, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,200 (100%) |
| Owner Occupied HU | 5,614 (61.0%) |
| Renter Occupied HU | 3,089 (33.6%) |
| Vacant Housing Units | 497 ( 5.4%) |
| Median Home Value | $214,555 |
| Average Home Value | $266,234 |
Housing Distribution
Address Breakdown
Residential
9,030
Single Family
7,959
Multi-Family
1,071
Businesses
580
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Listed by: Steve Koleno • Beycome Brokerage Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202521534
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.