7104 E 400 NLeesburgIN46538
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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 Leesburg at 7104 E 400 N, Leesburg, IN, 46538 uses $79,560 cash to close to unlock $13,104/yr annual cash flow and $1,092/mo monthly cash flow. Total monthly income runs $2,533/mo, and a $1,175/mo payment keeps the spread at $1,092/mo. Purchase price stands at $240,000, and rental yield measures 12.67% with $2,533/mo rent. Return on cash invested shows 36.38% in year one, and 5% annual appreciation builds toward $66,308 over five years. Five-year ROI reaches 190.91% and total cumulative return in cash records $151,886. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,533/mo property income covering a $1,175/mo payment rather than investor’s personal income.
Single Family
Built in 1974
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46538, Leesburg, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,792 (100%) |
| Owner Occupied HU | 1,512 (54.2%) |
| Renter Occupied HU | 205 ( 7.3%) |
| Vacant Housing Units | 1,075 (38.5%) |
| Median Home Value | $357,364 |
| Average Home Value | $431,500 |
Housing Distribution
Address Breakdown
Residential
2,050
Single Family
2,050
Multi-Family
0
Businesses
79
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Listed by: Nicolette Lewis • eXp Realty, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202525900
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.