51646 Walerko DrElkhartIN46514
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 Elkhart at 51646 Walerko Dr, Elkhart, IN, 46514 offers a 8.72% rental yield on a $266,000 purchase with $1,934/mo rent. Total monthly income registers $1,934/mo, and a $1,302/mo payment leaves $337/mo available for distribution. Annual cash flow reaches $4,046/yr on $88,179 to close, and return on cash invested stands at 24.5% in year one. Equity gained on principal adds $1,716/yr while 5% annual appreciation supports $73,491 over five years. Portfolio math shows five-year ROI at 127.25% and total cumulative return in cash at $112,205. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,934/mo property income against a $1,302/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1996
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46514, Elkhart, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,284 (100%) |
| Owner Occupied HU | 11,774 (64.4%) |
| Renter Occupied HU | 5,434 (29.7%) |
| Vacant Housing Units | 1,076 ( 5.9%) |
| Median Home Value | $219,702 |
| Average Home Value | $252,263 |
Housing Distribution
Address Breakdown
Residential
17,694
Single Family
16,264
Multi-Family
1,430
Businesses
1,341
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices