628 S A StElwoodIN46036
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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 Elwood at 628 S A St, Elwood, IN, 46036 earns $995/mo cash flow from $2,466/mo rent with a $1,199/mo payment. Total monthly income totals $2,466/mo, and annual cash flow totals $11,946/yr on $81,218 capital. ROI tracks 34.62% on current figures, and rental yield reads 12.08% at a $245,000 purchase. Equity gained on principal adds $1,581/yr, and 5% annual appreciation supports $67,689 over five years. Five-year ROI reaches 181.5% and total cumulative return in cash sums $147,408. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,466/mo property income instead of your personal income.
Single Family
Built in 1972
7,405 sqft lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 46036, Elwood, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,548 (100%) |
| Owner Occupied HU | 3,484 (62.8%) |
| Renter Occupied HU | 1,409 (25.4%) |
| Vacant Housing Units | 655 (11.8%) |
| Median Home Value | $163,312 |
| Average Home Value | $204,644 |
Housing Distribution
Address Breakdown
Residential
5,172
Single Family
4,951
Multi-Family
221
Businesses
314
Price History
Date | Event | Price |
|---|---|---|
| 2024-11-25 | Sold | $245,000 |
| 2024-10-18 | Pending sale | $246,900 |
| 2024-10-15 | Price change | $246,900 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-24 | $618.00 | 1.64% | $33,500 | 8.41% |
| 2023-10-24 | $608.00 | 6.67% | $30,900 | 1.64% |
| 2022-10-24 | $570.00 | 8.78% | $30,400 | 6.67% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1972
- Architectural Style: Traditional
- Building Area: 2,742
- Living Area: 2,742 sqft
- Property Condition: Updated/Remodeled
Features & Amenities
- Heating: Forced Air
- Cooling: N/A
- Flooring: N/A
- Interior Features: Double Vanity, Kitchen Island, Entrance Foyer, Walk-In Closet(s)
- Exterior Features: N/A
- Parking Features: Attached, Concrete, Garage Door Opener
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: N/A
- Water Source: Community Water
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Cynthia Hoetmer • Hoetmer Design Group
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #21999199
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-24 05:52:56 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)