514 Holliday StMichigan CityIN46360
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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 Michigan City at 514 Holliday St, Michigan City, IN, 46360 earns $279/mo cash flow from $1,150/mo rent with a $710/mo payment. Total monthly income totals $1,150/mo, and annual cash flow totals $3,351/yr on $48,067 capital. ROI tracks 26.88% on current figures, and rental yield reads 9.52% at a $144,999 purchase. Equity gained on principal adds $936/yr, and 5% annual appreciation supports $40,061 over five years. Five-year ROI reaches 140.07% and total cumulative return in cash sums $67,328. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,150/mo property income instead of your personal income.
Single Family
Built in 1908
5,806 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
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Listed by: Anna Radtke • @properties/Christie's Intl RE
Mls Name: NIRA
Mls Provider:
Mls ID: #817492
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