511 Alexander PlGarrettIN46738
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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 Garrett at 511 Alexander Pl, Garrett, IN, 46738 listed at $364,900 pairs $3,085/mo rent with a $1,786/mo payment to leave $880/mo cash flow. Total monthly income runs $3,085/mo, and annual cash flow reaches $10,560/yr on $120,964 cash to close. Return on cash invested measures 28.64% in year one, and rental yield registers 10.15% at a $364,900 basis. Equity gained on principal adds $2,355/yr, and annual property appreciation at 5% supports $100,815 by year five. Five-year ROI tracks 149.45% and total cumulative return in cash totals $180,780. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,085/mo property income relative to a $1,786/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2016
0.34 Acres lot
$N/A/sqft
$175 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46738, Garrett, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,457 (100%) |
| Owner Occupied HU | 2,591 (74.9%) |
| Renter Occupied HU | 727 (21.0%) |
| Vacant Housing Units | 139 ( 4.0%) |
| Median Home Value | $197,979 |
| Average Home Value | $219,234 |
Housing Distribution
Address Breakdown
Residential
3,317
Single Family
3,217
Multi-Family
100
Businesses
233
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Listed by: Joseph Hege • Uptown Realty Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202440414
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.