500 Pinetree DrTrail CreekIN46360
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 Trail Creek at 500 Pinetree Dr, Trail Creek, IN, 46360 uses $82,842 cash to close to unlock $6,132/yr annual cash flow and $511/mo monthly cash flow. Total monthly income runs $2,011/mo, and a $1,223/mo payment keeps the spread at $511/mo. Purchase price stands at $249,900, and rental yield measures 9.66% with $2,011/mo rent. Return on cash invested shows 27.31% in year one, and 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 142.35% and total cumulative return in cash records $117,926. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,011/mo property income covering a $1,223/mo payment rather than investor’s personal income.
Single Family
Built in 1961
10,497 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46360, Michigan City, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,591 (100%) |
| Owner Occupied HU | 11,713 (54.2%) |
| Renter Occupied HU | 6,451 (29.9%) |
| Vacant Housing Units | 3,427 (15.9%) |
| Median Home Value | $182,550 |
| Average Home Value | $260,534 |
Housing Distribution
Address Breakdown
Residential
19,767
Single Family
17,144
Multi-Family
2,623
Businesses
1,421
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brett Loetz • RE/MAX Diamond Properties
Mls Name: NIRA
Mls ID: #831145