54238 River PlElkhartIN46514
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 54238 River Pl, Elkhart, IN, 46514 listed at $226,800 pairs $1,868/mo rent with a $1,110/mo payment to leave $507/mo cash flow. Total monthly income runs $1,868/mo, and annual cash flow reaches $6,080/yr on $75,184 cash to close. Return on cash invested measures 28% in year one, and rental yield registers 9.88% at a $226,800 basis. Equity gained on principal adds $1,464/yr, and annual property appreciation at 5% supports $62,661 by year five. Five-year ROI tracks 145.97% and total cumulative return in cash totals $109,750. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,868/mo property income relative to a $1,110/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1959
0.67 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
Listed by: Julie Thatcher • Coldwell Banker Real Estate Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202528788
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.