72317 County Road 9NappaneeIN46550
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
Investment property for sale in Nappanee at 72317 County Road 9, Nappanee, IN, 46550 uses $89,472 cash to close to unlock $850/yr annual cash flow and $71/mo monthly cash flow. Total monthly income runs $1,691/mo, and a $1,321/mo payment keeps the spread at $71/mo. Purchase price stands at $269,900, and rental yield measures 7.52% with $1,691/mo rent. Return on cash invested shows 20.86% in year one, and 5% annual appreciation builds toward $74,568 over five years. Five-year ROI reaches 107.68% and total cumulative return in cash records $96,342. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,691/mo property income covering a $1,321/mo payment rather than investor’s personal income.
Single Family
Built in 1955
0.50 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