702 Locke CtNappaneeIN46550
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
Investment property for sale in Nappanee at 702 Locke Ct, Nappanee, IN, 46550 at $264,900 posts ROI 24.98% with $371/mo cash flow from $1,962/mo rent. Total monthly income equals $1,962/mo, and annual cash flow records $4,457/yr on $87,814 to close. Return on cash invested measures 24.98% and rental yield reads 8.89% at the current $264,900. Equity gained on principal adds $1,709/yr, and 5% annual appreciation supports $73,187 by year five. Five-year ROI prints 129.84% and total cumulative return in cash totals $114,020.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,962/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1969
8,760 sqft 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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