629 Central AveLapelIN46051
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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 Lapel at 629 Central Ave, Lapel, IN, 46051 earns $651/mo cash flow from $1,551/mo rent with a $734/mo payment. Total monthly income totals $1,551/mo, and annual cash flow totals $7,810/yr on $49,692 capital. ROI tracks 35.63% on current figures, and rental yield reads 12.42% at a $149,900 purchase. Equity gained on principal adds $967/yr, and 5% annual appreciation supports $41,415 over five years. Five-year ROI reaches 186.88% and total cumulative return in cash sums $92,867. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,551/mo property income instead of your personal income.
Multi Family
Built in 1910
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46051, Lapel, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,213 (100%) |
| Owner Occupied HU | 900 (74.2%) |
| Renter Occupied HU | 233 (19.2%) |
| Vacant Housing Units | 80 ( 6.6%) |
| Median Home Value | $202,358 |
| Average Home Value | $233,233 |
Housing Distribution
Address Breakdown
Residential
840
Single Family
840
Multi-Family
0
Businesses
102
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