5804 N 400 EKendallvilleIN46755
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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 Kendallville at 5804 N 400 E, Kendallville, IN, 46755 uses $41,438 cash to close to unlock $12,522/yr annual cash flow and $1,043/mo monthly cash flow. Total monthly income runs $1,794/mo, and a $612/mo payment keeps the spread at $1,043/mo. Purchase price stands at $125,000, and rental yield measures 17.22% with $1,794/mo rent. Return on cash invested shows 50.13% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 264.73% and total cumulative return in cash records $109,697. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,794/mo property income covering a $612/mo payment rather than investor’s personal income.
Single Family
Built in 1900
1.97 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46755, Kendallville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,806 (100%) |
| Owner Occupied HU | 4,479 (65.8%) |
| Renter Occupied HU | 1,833 (26.9%) |
| Vacant Housing Units | 494 ( 7.3%) |
| Median Home Value | $205,982 |
| Average Home Value | $263,814 |
Housing Distribution
Address Breakdown
Residential
6,412
Single Family
6,211
Multi-Family
201
Businesses
547
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Listed by: Crystal Everage • Century 21 Bradley-Kendallville
Mls Name: IRMLS
Mls Provider:
Mls ID: #202437975
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