606 E Lincoln StNappaneeIN46550
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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 Nappanee at 606 E Lincoln St, Nappanee, IN, 46550 uses $63,814 cash to close to unlock $2,204/yr annual cash flow and $184/mo monthly cash flow. Total monthly income runs $1,339/mo, and a $942/mo payment keeps the spread at $184/mo. Purchase price stands at $192,500, and rental yield measures 8.35% with $1,339/mo rent. Return on cash invested shows 23.36% in year one, and 5% annual appreciation builds toward $53,184 over five years. Five-year ROI reaches 121.15% and total cumulative return in cash records $77,309. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,339/mo property income covering a $942/mo payment rather than investor’s personal income.
Single Family
Built in 1900
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46550, Nappanee, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,876 (100%) |
| Owner Occupied HU | 3,359 (68.9%) |
| Renter Occupied HU | 1,222 (25.1%) |
| Vacant Housing Units | 295 ( 6.1%) |
| Median Home Value | $271,504 |
| Average Home Value | $301,080 |
Housing Distribution
Address Breakdown
Residential
4,679
Single Family
4,518
Multi-Family
161
Businesses
386
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Listed by: Mary L Dale • Coldwell Banker Real Estate Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202507489
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.