68 Inman DrIngallsIN46048
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Ingalls at 68 Inman Dr, Ingalls, IN, 46048 priced at $185,000 converts $1,415/mo rent into $305/mo cash flow after a $905/mo obligation. Total monthly income equals $1,415/mo, and annual cash flow totals $3,660/yr on $61,328 invested. Return on cash invested prints 25.88% in year one, and rental yield reads 9.18% against a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation compiles into $51,112 by year five. Five-year ROI reaches 134.61% and total cumulative return in cash sums $82,551. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,415/mo property income covering a $905/mo payment, not borrower’s personal income.
Manufactured
Built in 1997
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46048, Ingalls, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 759 (100%) |
| Owner Occupied HU | 603 (79.4%) |
| Renter Occupied HU | 118 (15.5%) |
| Vacant Housing Units | 38 ( 5.0%) |
| Median Home Value | $209,949 |
| Average Home Value | $246,874 |
Housing Distribution
Address Breakdown
Residential
700
Single Family
700
Multi-Family
0
Businesses
21
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices