456 N Line StChurubuscoIN46723
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 Churubusco at 456 N Line St, Churubusco, IN, 46723 listed at $185,000 pairs $1,751/mo rent with a $905/mo payment to leave $625/mo cash flow. Total monthly income runs $1,751/mo, and annual cash flow reaches $7,503/yr on $61,328 cash to close. Return on cash invested measures 32.14% in year one, and rental yield registers 11.36% at a $185,000 basis. Equity gained on principal adds $1,194/yr, and annual property appreciation at 5% supports $51,112 by year five. Five-year ROI tracks 168.36% and total cumulative return in cash totals $103,251. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,751/mo property income relative to a $905/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1975
1.06 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46723, Churubusco, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,135 (100%) |
| Owner Occupied HU | 2,548 (81.3%) |
| Renter Occupied HU | 439 (14.0%) |
| Vacant Housing Units | 148 ( 4.7%) |
| Median Home Value | $232,273 |
| Average Home Value | $280,319 |
Housing Distribution
Address Breakdown
Residential
3,063
Single Family
3,063
Multi-Family
0
Businesses
156
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Nicholas Krauter • Schrader RE and Auction/Fort Wayne
Mls Name: IRMLS
Mls Provider:
Mls ID: #202509032
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.