699 Forest CtNappaneeIN46550
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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 Nappanee at 699 Forest Ct, Nappanee, IN, 46550 priced at $579,000 pairs $2,830/mo rent with after a $2,834/mo payment. Total monthly income equals $2,830/mo. Return on cash invested is 15.99% in year one, and rental yield stands at 5.87% on a $579,000 basis. Equity gained on principal adds $3,736/yr, and 5% annual appreciation accumulates to $159,967 by year five. Five-year ROI measures 81.58% and total cumulative return in cash reaches $155,395. For financing, Ziffy Mortgage’s DSCR program evaluates $2,830/mo property income against a $2,834/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2000
0.51 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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