607 W 4th StNorth ManchesterIN46962
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 North Manchester at 607 W 4th St, North Manchester, IN, 46962 uses $47,073 cash to close to unlock $8,412/yr annual cash flow and $701/mo monthly cash flow. Total monthly income runs $1,567/mo, and a $695/mo payment keeps the spread at $701/mo. Purchase price stands at $142,000, and rental yield measures 13.24% with $1,567/mo rent. Return on cash invested shows 37.78% in year one, and 5% annual appreciation builds toward $39,232 over five years. Five-year ROI reaches 198.54% and total cumulative return in cash records $93,458. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,567/mo property income covering a $695/mo payment rather than investor’s personal income.
Single Family
Built in 1920
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46962, North Manchester, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,818 (100%) |
| Owner Occupied HU | 2,537 (66.4%) |
| Renter Occupied HU | 941 (24.6%) |
| Vacant Housing Units | 340 ( 8.9%) |
| Median Home Value | $169,696 |
| Average Home Value | $234,758 |
Housing Distribution
Address Breakdown
Residential
3,480
Single Family
3,416
Multi-Family
64
Businesses
281
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Charles Trout • Patton Hall Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202523381
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.