58874 Lower DrGoshenIN46528
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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 Goshen at 58874 Lower Dr, Goshen, IN, 46528 uses $76,212 cash to close to unlock $7,082/yr annual cash flow and $590/mo monthly cash flow. Total monthly income runs $1,970/mo, and a $1,125/mo payment keeps the spread at $590/mo. Purchase price stands at $229,900, and rental yield measures 10.28% with $1,970/mo rent. Return on cash invested shows 29.2% in year one, and 5% annual appreciation builds toward $63,517 over five years. Five-year ROI reaches 152.48% and total cumulative return in cash records $116,207. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,970/mo property income covering a $1,125/mo payment rather than investor’s personal income.
Single Family
Built in 1967
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46528, Goshen, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,790 (100%) |
| Owner Occupied HU | 6,873 (70.2%) |
| Renter Occupied HU | 2,374 (24.2%) |
| Vacant Housing Units | 543 ( 5.5%) |
| Median Home Value | $260,185 |
| Average Home Value | $319,983 |
Housing Distribution
Address Breakdown
Residential
9,047
Single Family
9,013
Multi-Family
34
Businesses
419
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