468 W Prancer Dr N, Santa Claus, IN, 47579 | $606/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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468 W Prancer Dr N, Santa Claus, IN, 47579 | $606/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Santa Claus at 468 W Prancer Dr N, Santa Claus, IN, 47579 uses $117,683 cash to close to unlock $7,266/yr annual cash flow and $606/mo monthly cash flow. Total monthly income runs $2,737/mo, and a $1,738/mo payment keeps the spread at $606/mo. Purchase price stands at $355,000, and rental yield measures 9.25% with $2,737/mo rent. Return on cash invested shows 26.08% in year one, and 5% annual appreciation builds toward $98,080 over five years. Five-year ROI reaches 135.73% and total cumulative return in cash records $159,732. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,737/mo property income covering a $1,738/mo payment rather than investor’s personal income.

Single Family

Built in 1977

0.32 Acres lot

$N/A/sqft

No HOA

More details about the property

Lakefront Ranch with walkout basement in Christmas Lake Village! This fantastic 5 Bedroom, 3 full Bath home has over 3000 total square feet (2892 finished) and an open plan. The main level features a fully-applianced, eat-in Kitchen with plenty of cabinets and counter top space. It opens to the formal Dining Room and large Family Room. Both the Dining Room and Family Room have access to the large deck that looks out the beautiful scenic views of Christmas Lake and the large lake lot. The main level Primary Bedroom has a full bathroom and there is another Bedroom, full Bathroom and Laundry Room completing the main level. The Walkout Basement is a wonderful space, with three more Bedrooms, a large open recreation space, and second full Kitchen. Walk outside to the back patio and enjoy the views! This home is perfect for entertaining and offers easy access to schools and is conveniently located near shopping and dining and local attractions such as Holiday World and Splashin' Safari.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47579, Santa Claus, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,237 (100%)
Owner Occupied HU	1,022 (82.6%)
Renter Occupied HU	105 ( 8.5%)
Vacant Housing Units	110 ( 8.9%)
Median Home Value	$257,373
Average Home Value	$291,761