613 W Pine StNorth LibertyIN46554
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
Rental property for sale in North Liberty at 613 W Pine St, North Liberty, IN, 46554 offers $1,647/mo rent that, after a $1,126/mo payment, leaves $266/mo cash flow. Total monthly income is $1,647/mo, and annual cash flow is $3,193/yr on $76,245 cash. Return on cash invested measures 24.1% in year one, and rental yield stands at 8.59% at a $229,999 entry. Equity gained on principal adds $1,484/yr while 5% annual appreciation compounds into $63,544 by year five. Five-year ROI records 125.12% and total cumulative return in cash reaches $95,394. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,647/mo property income versus a $1,126/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1998
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46554, North Liberty, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,789 (100%) |
| Owner Occupied HU | 1,418 (79.3%) |
| Renter Occupied HU | 269 (15.0%) |
| Vacant Housing Units | 102 ( 5.7%) |
| Median Home Value | $254,967 |
| Average Home Value | $298,828 |
Housing Distribution
Address Breakdown
Residential
1,334
Single Family
1,334
Multi-Family
0
Businesses
89
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Listed by: Leah Sarber • RE/MAX 100 Elkhart
Mls Name: IRMLS
Mls ID: #202547969