521 E Michigan StLagrangeIN46761
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
Rental property for sale in Lagrange at 521 E Michigan St, Lagrange, IN, 46761 generates $1,507/mo in rent and, after a $1,027/mo payment, leaves $224/mo in cash flow. Total monthly income is $1,507/mo, and annual cash flow is $2,685/yr on $69,582 invested. Return on cash invested sits at 23.77% in year one, and rental yield is 8.62% on a $209,900 entry. Equity gained on principal adds $1,354/yr, while 5% annual appreciation builds toward $57,992 over five years. Five-year ROI reaches 123.44% and total cumulative return in cash sums $85,892. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,507/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46761, Lagrange, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,525 (100%) |
| Owner Occupied HU | 3,229 (71.4%) |
| Renter Occupied HU | 806 (17.8%) |
| Vacant Housing Units | 490 (10.8%) |
| Median Home Value | $277,128 |
| Average Home Value | $348,306 |
Housing Distribution
Address Breakdown
Residential
4,413
Single Family
4,350
Multi-Family
63
Businesses
341
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices