521 E Maumee StAngolaIN46703
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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 Angola at 521 E Maumee St, Angola, IN, 46703 uses $59,670 cash to close to unlock $16,966/yr annual cash flow and $1,414/mo monthly cash flow. Total monthly income runs $2,521/mo, and a $881/mo payment keeps the spread at $1,414/mo. Purchase price stands at $180,000, and rental yield measures 16.81% with $2,521/mo rent. Return on cash invested shows 48.34% in year one, and 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 255.27% and total cumulative return in cash records $152,321. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,521/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1900
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46703, Angola, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,798 (100%) |
| Owner Occupied HU | 5,429 (55.4%) |
| Renter Occupied HU | 2,052 (20.9%) |
| Vacant Housing Units | 2,317 (23.6%) |
| Median Home Value | $272,006 |
| Average Home Value | $345,110 |
Housing Distribution
Address Breakdown
Residential
7,691
Single Family
7,223
Multi-Family
468
Businesses
858
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Listed by: Kammrin Bernard • F.C. Tucker Fort Wayne
Mls Name: IRMLS
Mls Provider:
Mls ID: #202435159
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.