628 S 6th StGoshenIN46526
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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 Goshen at 628 S 6th St, Goshen, IN, 46526 uses $102,434 cash to close to unlock $8,442/yr annual cash flow and $704/mo monthly cash flow. Total monthly income runs $2,558/mo, and a $1,512/mo payment keeps the spread at $704/mo. Purchase price stands at $309,000, and rental yield measures 9.93% with $2,558/mo rent. Return on cash invested shows 28.15% in year one, and 5% annual appreciation builds toward $85,371 over five years. Five-year ROI reaches 146.8% and total cumulative return in cash records $150,377. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,558/mo property income covering a $1,512/mo payment rather than investor’s personal income.
Single Family
Built in 1900
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46526, Goshen, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,063 (100%) |
| Owner Occupied HU | 8,487 (65.0%) |
| Renter Occupied HU | 3,852 (29.5%) |
| Vacant Housing Units | 724 ( 5.5%) |
| Median Home Value | $226,148 |
| Average Home Value | $269,072 |
Housing Distribution
Address Breakdown
Residential
12,628
Single Family
11,718
Multi-Family
910
Businesses
830
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