702 Thomas StElkhartIN46516
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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
Investment property for sale in Elkhart at 702 Thomas St, Elkhart, IN, 46516 earns $206/mo cash flow from $963/mo rent with a $617/mo payment. Total monthly income totals $963/mo, and annual cash flow totals $2,476/yr on $41,769 capital. ROI tracks 25.84% on current figures, and rental yield reads 9.17% at a $126,000 purchase. Equity gained on principal adds $813/yr, and 5% annual appreciation supports $34,811 over five years. Five-year ROI reaches 134.5% and total cumulative return in cash sums $56,179. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $963/mo property income instead of your personal income.
Single Family
Built in 1900
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46516, Elkhart, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,463 (100%) |
| Owner Occupied HU | 7,221 (53.6%) |
| Renter Occupied HU | 5,279 (39.2%) |
| Vacant Housing Units | 963 ( 7.2%) |
| Median Home Value | $172,789 |
| Average Home Value | $240,548 |
Housing Distribution
Address Breakdown
Residential
13,032
Single Family
11,652
Multi-Family
1,380
Businesses
1,157
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Listed by: Michelle Bordeau • SUNRISE Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202519322
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.