5983 County Road 7GarrettIN46738
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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 Garrett at 5983 County Road 7, Garrett, IN, 46738 earns $308/mo cash flow from $1,598/mo rent with a $1,052/mo payment. Total monthly income totals $1,598/mo, and annual cash flow totals $3,694/yr on $71,239 capital. ROI tracks 25.09% on current figures, and rental yield reads 8.92% at a $214,900 purchase. Equity gained on principal adds $1,387/yr, and 5% annual appreciation supports $59,373 over five years. Five-year ROI reaches 130.42% and total cumulative return in cash sums $92,910. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,598/mo property income instead of your personal income.
Single Family
Built in 1900
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46738, Garrett, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,457 (100%) |
| Owner Occupied HU | 2,591 (74.9%) |
| Renter Occupied HU | 727 (21.0%) |
| Vacant Housing Units | 139 ( 4.0%) |
| Median Home Value | $197,979 |
| Average Home Value | $219,234 |
Housing Distribution
Address Breakdown
Residential
3,317
Single Family
3,217
Multi-Family
100
Businesses
233
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Listed by: Harrison Bolyard • CENTURY 21 Bradley Realty, Inc
Mls Name: IRMLS
Mls Provider:
Mls ID: #202443555
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.