68285 County Road 3NappaneeIN46550
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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
Total monthly income runs $2,408/mo, and a $3,548/mo payment. Purchase price stands at $724,900, and rental yield measures 3.99% with $2,408/mo rent. Return on cash invested shows 10.28% in year one, and 5% annual appreciation builds toward $200,277 over five years. Five-year ROI reaches 50.94% and total cumulative return in cash records $121,485. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,408/mo property income covering a $3,548/mo payment rather than investor’s personal income.
Single Family
Built in 2004
3.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46550, Nappanee, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,876 (100%) |
| Owner Occupied HU | 3,359 (68.9%) |
| Renter Occupied HU | 1,222 (25.1%) |
| Vacant Housing Units | 295 ( 6.1%) |
| Median Home Value | $271,504 |
| Average Home Value | $301,080 |
Housing Distribution
Address Breakdown
Residential
4,679
Single Family
4,518
Multi-Family
161
Businesses
386
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Listed by: Kendrae Hilty • RE/MAX 100 Elkhart
Mls Name: IRMLS
Mls Provider:
Mls ID: #202510101
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.