611 Mill StGoshenIN46528
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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
Rental property for sale in Goshen at 611 Mill St, Goshen, IN, 46528 priced at $108,000 pairs $1,595/mo rent with $835/mo cash flow after a $529/mo payment. Total monthly income equals $1,595/mo, and annual cash flow comes to $10,017/yr on $35,802 invested. Return on cash invested is 47.89% in year one, and rental yield stands at 17.72% on a $108,000 basis. Equity gained on principal adds $697/yr, and 5% annual appreciation accumulates to $29,838 by year five. Five-year ROI measures 254.02% and total cumulative return in cash reaches $90,944. For financing, Ziffy Mortgage’s DSCR program evaluates $1,595/mo property income against a $529/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1900
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46528, Goshen, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,790 (100%) |
| Owner Occupied HU | 6,873 (70.2%) |
| Renter Occupied HU | 2,374 (24.2%) |
| Vacant Housing Units | 543 ( 5.5%) |
| Median Home Value | $260,185 |
| Average Home Value | $319,983 |
Housing Distribution
Address Breakdown
Residential
9,047
Single Family
9,013
Multi-Family
34
Businesses
419
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Listed by: David Stump • Berkshire Hathaway HomeServices Goshen
Mls Name: IRMLS
Mls Provider:
Mls ID: #202535795
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.