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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Elkhart at 609 Clarinet Blvd E, Elkhart, IN, 46516 at $130,000 posts ROI 34.86% with $537/mo cash flow from $1,317/mo rent. Total monthly income equals $1,317/mo, and annual cash flow records $6,443/yr on $43,095 to close. Return on cash invested measures 34.86% and rental yield reads 12.16% at the current $130,000. Equity gained on principal adds $839/yr, and 5% annual appreciation supports $35,917 by year five. Five-year ROI prints 182.76% and total cumulative return in cash totals $78,759.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,317/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1984
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46516, Elkhart, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,463 (100%) |
| Owner Occupied HU | 7,221 (53.6%) |
| Renter Occupied HU | 5,279 (39.2%) |
| Vacant Housing Units | 963 ( 7.2%) |
| Median Home Value | $172,789 |
| Average Home Value | $240,548 |
Residential
13,032
Single Family
11,652
Multi-Family
1,380
Businesses
1,157
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Roberto C Martinez Velazquez • RE/MAX Results
Mls Name: IRMLS
Mls ID: #202545508
