585 Eighty Lane Lake JamesFremontIN46737
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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 Fremont at 585 Eighty Lane Lake James, Fremont, IN, 46737 priced at $289,000 converts $2,447/mo rent into $685/mo cash flow after a $1,415/mo obligation. Total monthly income equals $2,447/mo, and annual cash flow totals $8,215/yr on $95,804 invested. Return on cash invested prints 28.48% in year one, and rental yield reads 10.16% against a $289,000 entry. Equity gained on principal adds $1,865/yr, while 5% annual appreciation compiles into $79,845 by year five. Five-year ROI reaches 148.72% and total cumulative return in cash sums $142,478. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,447/mo property income covering a $1,415/mo payment, not borrower’s personal income.
Single Family
Built in 1998
9,583 sqft lot
$N/A/sqft
$325 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46737, Fremont, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,505 (100%) |
| Owner Occupied HU | 2,509 (55.7%) |
| Renter Occupied HU | 455 (10.1%) |
| Vacant Housing Units | 1,541 (34.2%) |
| Median Home Value | $310,137 |
| Average Home Value | $424,275 |
Housing Distribution
Address Breakdown
Residential
2,870
Single Family
2,870
Multi-Family
0
Businesses
215
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Listed by: Khelley Adams • RE/MAX Results - Angola office
Mls Name: IRMLS
Mls Provider:
Mls ID: #202426039
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.