505 S 5th StHollandIN47541
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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 Holland at 505 S 5th St, Holland, IN, 47541 uses $43,758 cash to close to unlock $9,403/yr annual cash flow and $784/mo monthly cash flow. Total monthly income runs $1,585/mo, and a $646/mo payment keeps the spread at $784/mo. Purchase price stands at $132,000, and rental yield measures 14.41% with $1,585/mo rent. Return on cash invested shows 41.4% in year one, and 5% annual appreciation builds toward $36,469 over five years. Five-year ROI reaches 217.95% and total cumulative return in cash records $95,371. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,585/mo property income covering a $646/mo payment rather than investor’s personal income.
Single Family
Built in 1950
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47541, Holland, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 515 (100%) |
| Owner Occupied HU | 405 (78.6%) |
| Renter Occupied HU | 74 (14.4%) |
| Vacant Housing Units | 36 ( 7.0%) |
| Median Home Value | $265,278 |
| Average Home Value | $303,691 |
Housing Distribution
Address Breakdown
Residential
287
Single Family
287
Multi-Family
0
Businesses
28
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Listed by: Stacey A Thieman-Wright • THIEMAN REALTY
Mls Name: IRMLS
Mls Provider:
Mls ID: #202531314
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.