58468 Ox Bow DrElkhartIN46516
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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 Elkhart at 58468 Ox Bow Dr, Elkhart, IN, 46516 earns $421/mo cash flow from $2,101/mo rent with a $1,370/mo payment. Total monthly income totals $2,101/mo, and annual cash flow totals $5,048/yr on $92,820 capital. ROI tracks 25.35% on current figures, and rental yield reads 9% at a $280,000 purchase. Equity gained on principal adds $1,807/yr, and 5% annual appreciation supports $77,359 over five years. Five-year ROI reaches 131.77% and total cumulative return in cash sums $122,313. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,101/mo property income instead of your personal income.
Single Family
Built in 1986
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46516, Elkhart, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,463 (100%) |
| Owner Occupied HU | 7,221 (53.6%) |
| Renter Occupied HU | 5,279 (39.2%) |
| Vacant Housing Units | 963 ( 7.2%) |
| Median Home Value | $172,789 |
| Average Home Value | $240,548 |
Housing Distribution
Address Breakdown
Residential
13,032
Single Family
11,652
Multi-Family
1,380
Businesses
1,157
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Listed by: Judy Wood • RE/MAX Oak Crest - Elkhart
Mls Name: IRMLS
Mls Provider:
Mls ID: #202519203
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.