714 S Michigan StPlymouthIN46563
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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 Plymouth at 714 S Michigan St, Plymouth, IN, 46563 priced at $220,000 converts $1,894/mo rent into $573/mo cash flow after a $1,077/mo obligation. Total monthly income equals $1,894/mo, and annual cash flow totals $6,878/yr on $72,930 invested. Return on cash invested prints 29.34% in year one, and rental yield reads 10.33% against a $220,000 entry. Equity gained on principal adds $1,420/yr, while 5% annual appreciation compiles into $60,782 by year five. Five-year ROI reaches 153.22% and total cumulative return in cash sums $111,743. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,894/mo property income covering a $1,077/mo payment, not borrower’s personal income.
Single Family
Built in 1928
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46563, Plymouth, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,990 (100%) |
| Owner Occupied HU | 6,786 (67.9%) |
| Renter Occupied HU | 2,320 (23.2%) |
| Vacant Housing Units | 884 ( 8.8%) |
| Median Home Value | $222,571 |
| Average Home Value | $253,754 |
Housing Distribution
Address Breakdown
Residential
9,452
Single Family
8,969
Multi-Family
483
Businesses
910
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Listed by: Shannon K Lunetta • RE/MAX OAK CREST -PLYMOUTH
Mls Name: IRMLS
Mls Provider:
Mls ID: #202438706
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.