70776 County Road 7NappaneeIN46550
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 Nappanee at 70776 County Road 7, Nappanee, IN, 46550 generates $1,993/mo in rent, after a $1,860/mo payment. Total monthly income is $1,993/mo. Return on cash invested sits at 17.16% in year one, and rental yield is 6.29% on a $380,000 entry. Equity gained on principal adds $2,452/yr, while 5% annual appreciation builds toward $104,987 over five years. Five-year ROI reaches 87.88% and total cumulative return in cash sums $110,701. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,993/mo property income rather than buyer’s personal income.
Single Family
Built in 1964
1.02 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices