5053 S 800 WPleasant LakeIN46779
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 Pleasant Lake at 5053 S 800 W, Pleasant Lake, IN, 46779 uses $125,970 cash to close to unlock $7,342/yr annual cash flow and $612/mo monthly cash flow. Total monthly income runs $2,893/mo, and a $1,860/mo payment keeps the spread at $612/mo. Purchase price stands at $380,000, and rental yield measures 9.14% with $2,893/mo rent. Return on cash invested shows 25.74% in year one, and 5% annual appreciation builds toward $104,987 over five years. Five-year ROI reaches 133.85% and total cumulative return in cash records $168,613. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,893/mo property income covering a $1,860/mo payment rather than investor’s personal income.
Single Family
Built in 2022
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46779, Pleasant Lake, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 906 (100%) |
| Owner Occupied HU | 632 (69.8%) |
| Renter Occupied HU | 96 (10.6%) |
| Vacant Housing Units | 178 (19.6%) |
| Median Home Value | $266,379 |
| Average Home Value | $297,441 |
Housing Distribution
Address Breakdown
Residential
740
Single Family
740
Multi-Family
0
Businesses
20
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tammy Johnson • RE/MAX Results - Angola office
Mls Name: IRMLS
Mls Provider:
Mls ID: #202510131
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.