452 N Williams StNappaneeIN46550
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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 Nappanee at 452 N Williams St, Nappanee, IN, 46550 offers $1,654/mo rent that, after a $1,172/mo payment, leaves $217/mo cash flow. Total monthly income is $1,654/mo, and annual cash flow is $2,599/yr on $79,394 cash. Return on cash invested measures 23.18% in year one, and rental yield stands at 8.29% at a $239,500 entry. Equity gained on principal adds $1,545/yr while 5% annual appreciation compounds into $66,169 by year five. Five-year ROI records 120.18% and total cumulative return in cash reaches $95,413. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,654/mo property income versus a $1,172/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1964
9,100 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46550, Nappanee, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,876 (100%) |
| Owner Occupied HU | 3,359 (68.9%) |
| Renter Occupied HU | 1,222 (25.1%) |
| Vacant Housing Units | 295 ( 6.1%) |
| Median Home Value | $271,504 |
| Average Home Value | $301,080 |
Housing Distribution
Address Breakdown
Residential
4,679
Single Family
4,518
Multi-Family
161
Businesses
386
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