526 E Hanna StColumbia CityIN46725
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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
Rental property for sale in Columbia City at 526 E Hanna St, Columbia City, IN, 46725 offers $1,346/mo rent that, after a $918/mo payment, leaves $220/mo cash flow. Total monthly income is $1,346/mo, and annual cash flow is $2,642/yr on $62,156 cash. Return on cash invested measures 24.16% in year one, and rental yield stands at 8.61% at a $187,500 entry. Equity gained on principal adds $1,210/yr while 5% annual appreciation compounds into $51,803 by year five. Five-year ROI records 125.46% and total cumulative return in cash reaches $77,983. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,346/mo property income versus a $918/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1969
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46725, Columbia City, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,000 (100%) |
| Owner Occupied HU | 8,209 (74.6%) |
| Renter Occupied HU | 2,037 (18.5%) |
| Vacant Housing Units | 754 ( 6.9%) |
| Median Home Value | $235,679 |
| Average Home Value | $280,163 |
Housing Distribution
Address Breakdown
Residential
10,474
Single Family
10,069
Multi-Family
405
Businesses
694
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Listed by: Lauren South • Keller Williams Realty Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202530449
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.