465 N 60 W #BLagrangeIN46761
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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 Lagrange at 465 N 60 W #B, Lagrange, IN, 46761 offers a 9.23% rental yield on a $229,500 purchase with $1,765/mo rent. Total monthly income registers $1,765/mo, and a $1,123/mo payment leaves $388/mo available for distribution. Annual cash flow reaches $4,652/yr on $76,079 to close, and return on cash invested stands at 26.02% in year one. Equity gained on principal adds $1,481/yr while 5% annual appreciation supports $63,407 over five years. Portfolio math shows five-year ROI at 135.4% and total cumulative return in cash at $103,014. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,765/mo property income against a $1,123/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1997
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46761, Lagrange, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,525 (100%) |
| Owner Occupied HU | 3,229 (71.4%) |
| Renter Occupied HU | 806 (17.8%) |
| Vacant Housing Units | 490 (10.8%) |
| Median Home Value | $277,128 |
| Average Home Value | $348,306 |
Housing Distribution
Address Breakdown
Residential
4,413
Single Family
4,350
Multi-Family
63
Businesses
341
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