5613 W Palestine 2nd StMentoneIN46539
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 Mentone at 5613 W Palestine 2nd St, Mentone, IN, 46539 listed at $180,000 pairs $1,830/mo rent with a $881/mo payment to leave $750/mo cash flow. Total monthly income runs $1,830/mo, and annual cash flow reaches $8,994/yr on $59,670 cash to close. Return on cash invested measures 34.98% in year one, and rental yield registers 12.2% at a $180,000 basis. Equity gained on principal adds $1,162/yr, and annual property appreciation at 5% supports $49,731 by year five. Five-year ROI tracks 183.46% and total cumulative return in cash totals $109,469. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,830/mo property income relative to a $881/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1957
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46539, Mentone, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,014 (100%) |
| Owner Occupied HU | 711 (70.1%) |
| Renter Occupied HU | 184 (18.1%) |
| Vacant Housing Units | 119 (11.7%) |
| Median Home Value | $178,879 |
| Average Home Value | $248,822 |
Housing Distribution
Address Breakdown
Residential
738
Single Family
717
Multi-Family
21
Businesses
62
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Susan Hoffman • RE/MAX Results- Warsaw
Mls Name: IRMLS
Mls Provider:
Mls ID: #202522881
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.