506 Bay Circle DrWarsawIN46580
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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
Rental property for sale in Warsaw at 506 Bay Circle Dr, Warsaw, IN, 46580 priced at $299,995 pairs $2,382/mo rent with $582/mo cash flow after a $1,468/mo payment. Total monthly income equals $2,382/mo, and annual cash flow comes to $6,978/yr on $99,448 invested. Return on cash invested is 26.93% in year one, and rental yield stands at 9.53% on a $299,995 basis. Equity gained on principal adds $1,936/yr, and 5% annual appreciation accumulates to $82,883 by year five. Five-year ROI measures 140.24% and total cumulative return in cash reaches $139,462. For financing, Ziffy Mortgage’s DSCR program evaluates $2,382/mo property income against a $1,468/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2005
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46580, Warsaw, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,714 (100%) |
| Owner Occupied HU | 6,549 (67.4%) |
| Renter Occupied HU | 2,447 (25.2%) |
| Vacant Housing Units | 718 ( 7.4%) |
| Median Home Value | $243,970 |
| Average Home Value | $287,875 |
Housing Distribution
Address Breakdown
Residential
9,284
Single Family
8,743
Multi-Family
541
Businesses
844
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