710 Main StElwoodIN46036
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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 Elwood at 710 Main St, Elwood, IN, 46036 uses $56,322 cash to close to unlock $6,752/yr annual cash flow and $563/mo monthly cash flow. Total monthly income runs $1,583/mo, and a $832/mo payment keeps the spread at $563/mo. Purchase price stands at $169,900, and rental yield measures 11.18% with $1,583/mo rent. Return on cash invested shows 31.9% in year one, and 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 166.92% and total cumulative return in cash records $94,010. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,583/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1900
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46036, Elwood, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,548 (100%) |
| Owner Occupied HU | 3,484 (62.8%) |
| Renter Occupied HU | 1,409 (25.4%) |
| Vacant Housing Units | 655 (11.8%) |
| Median Home Value | $163,312 |
| Average Home Value | $204,644 |
Housing Distribution
Address Breakdown
Residential
5,172
Single Family
4,951
Multi-Family
221
Businesses
314
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