4580 S Meadowlake LnRensselaerIN47978
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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 Rensselaer at 4580 S Meadowlake Ln, Rensselaer, IN, 47978 priced at $162,300 converts $2,005/mo rent into $1,031/mo cash flow after a $794/mo obligation. Total monthly income equals $2,005/mo, and annual cash flow totals $12,373/yr on $53,802 invested. Return on cash invested prints 42.91% in year one, and rental yield reads 14.82% against a $162,300 entry. Equity gained on principal adds $1,047/yr, while 5% annual appreciation compiles into $44,841 by year five. Five-year ROI reaches 226.01% and total cumulative return in cash sums $121,600. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,005/mo property income covering a $794/mo payment, not borrower’s personal income.
Manufactured
Built in 2024
5,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47978, Rensselaer, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,710 (100%) |
| Owner Occupied HU | 3,173 (67.4%) |
| Renter Occupied HU | 1,190 (25.3%) |
| Vacant Housing Units | 347 ( 7.4%) |
| Median Home Value | $207,764 |
| Average Home Value | $254,811 |
Housing Distribution
Address Breakdown
Residential
4,454
Single Family
4,324
Multi-Family
130
Businesses
430
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Listed by: N/A • N/A
Mls Name: Turnkey Communities
Mls ID: #N/A