629 Morningside DrBremenIN46506
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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
Rental property for sale in Bremen at 629 Morningside Dr, Bremen, IN, 46506 priced at $285,000 converts $1,837/mo rent into $126/mo cash flow after a $1,395/mo obligation. Total monthly income equals $1,837/mo, and annual cash flow totals $1,513/yr on $94,478 invested. Return on cash invested prints 21.51% in year one, and rental yield reads 7.73% against a $285,000 entry. Equity gained on principal adds $1,839/yr, while 5% annual appreciation compiles into $78,740 by year five. Five-year ROI reaches 111.23% and total cumulative return in cash sums $105,090. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,837/mo property income covering a $1,395/mo payment, not borrower’s personal income.
Single Family
Built in 1965
0.42 Acres lot
$N/A/sqft
No HOA
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Listed by: Wanda Balsley • COLLINS and CO. REALTORS - BREMEN
Mls Name: IRMLS
Mls Provider:
Mls ID: #202519072
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