629 E Diamond StKendallvilleIN46755
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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 Kendallville at 629 E Diamond St, Kendallville, IN, 46755 listed at $200,000 pairs $1,799/mo rent with a $979/mo payment to leave $598/mo cash flow. Total monthly income runs $1,799/mo, and annual cash flow reaches $7,180/yr on $66,300 cash to close. Return on cash invested measures 30.74% in year one, and rental yield registers 10.79% at a $200,000 basis. Equity gained on principal adds $1,291/yr, and annual property appreciation at 5% supports $55,256 by year five. Five-year ROI tracks 160.72% and total cumulative return in cash totals $106,556. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,799/mo property income relative to a $979/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1920
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46755, Kendallville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,806 (100%) |
| Owner Occupied HU | 4,479 (65.8%) |
| Renter Occupied HU | 1,833 (26.9%) |
| Vacant Housing Units | 494 ( 7.3%) |
| Median Home Value | $205,982 |
| Average Home Value | $263,814 |
Housing Distribution
Address Breakdown
Residential
6,412
Single Family
6,211
Multi-Family
201
Businesses
547
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Listed by: Lucas Deck • Weichert Realtors - Hoosier Heartland
Mls Name: IRMLS
Mls ID: #202548331