718 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
Rental property for sale in Elwood at 718 Main St, Elwood, IN, 46036 priced at $135,000 converts $1,068/mo rent into $257/mo cash flow after a $661/mo obligation. Total monthly income equals $1,068/mo, and annual cash flow totals $3,088/yr on $44,753 invested. Return on cash invested prints 26.81% in year one, and rental yield reads 9.49% against a $135,000 entry. Equity gained on principal adds $871/yr, while 5% annual appreciation compiles into $37,298 by year five. Five-year ROI reaches 139.68% and total cumulative return in cash sums $62,509. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,068/mo property income covering a $661/mo payment, not borrower’s personal income.
Single Family
Built in 1898
5,662 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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