645 Heritage StArgosIN46501
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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 Argos at 645 Heritage St, Argos, IN, 46501 priced at $416,900 converts $3,358/mo rent into $855/mo cash flow after a $2,041/mo obligation. Total monthly income equals $3,358/mo, and annual cash flow totals $10,259/yr on $138,202 invested. Return on cash invested prints 27.33% in year one, and rental yield reads 9.67% against a $416,900 entry. Equity gained on principal adds $2,690/yr, while 5% annual appreciation compiles into $115,182 by year five. Five-year ROI reaches 142.4% and total cumulative return in cash sums $196,794. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,358/mo property income covering a $2,041/mo payment, not borrower’s personal income.
Single Family
Built in 2017
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46501, Argos, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,525 (100%) |
| Owner Occupied HU | 1,108 (72.7%) |
| Renter Occupied HU | 297 (19.5%) |
| Vacant Housing Units | 120 ( 7.9%) |
| Median Home Value | $179,118 |
| Average Home Value | $215,512 |
Housing Distribution
Address Breakdown
Residential
1,520
Single Family
1,498
Multi-Family
22
Businesses
90
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