5980 N 1080 WShipshewanaIN46565
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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 Shipshewana at 5980 N 1080 W, Shipshewana, IN, 46565 offers a 7.42% rental yield on a $402,500 purchase with $2,488/mo rent. Total monthly income registers $2,488/mo, and a $1,970/mo payment leaves $72/mo available for distribution. Annual cash flow reaches $863/yr on $133,429 to close, and return on cash invested stands at 20.56% in year one. Equity gained on principal adds $2,597/yr while 5% annual appreciation supports $111,203 over five years. Portfolio math shows five-year ROI at 106.05% and total cumulative return in cash at $141,501. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,488/mo property income against a $1,970/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2014
0.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46565, Shipshewana, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,896 (100%) |
| Owner Occupied HU | 2,232 (77.1%) |
| Renter Occupied HU | 472 (16.3%) |
| Vacant Housing Units | 192 ( 6.6%) |
| Median Home Value | $385,242 |
| Average Home Value | $482,843 |
Housing Distribution
Address Breakdown
Residential
2,641
Single Family
2,641
Multi-Family
0
Businesses
297
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Listed by: Craig B Blough • Bartel & Company
Mls Name: IRMLS
Mls ID: #202540232