736 N Norfolk CvColumbia CityIN46725
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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 Columbia City at 736 N Norfolk Cv, Columbia City, IN, 46725 priced at $332,900 converts $2,780/mo rent into $726/mo cash flow after a $1,629/mo obligation. Total monthly income equals $2,780/mo, and annual cash flow totals $8,717/yr on $110,356 invested. Return on cash invested prints 27.81% in year one, and rental yield reads 10.02% against a $332,900 entry. Equity gained on principal adds $2,148/yr, while 5% annual appreciation compiles into $91,974 by year five. Five-year ROI reaches 145.19% and total cumulative return in cash sums $160,221. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,780/mo property income covering a $1,629/mo payment, not borrower’s personal income.
Single Family
Built in 2020
0.25 Acres lot
$N/A/sqft
$58 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46725, Columbia City, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,000 (100%) |
| Owner Occupied HU | 8,209 (74.6%) |
| Renter Occupied HU | 2,037 (18.5%) |
| Vacant Housing Units | 754 ( 6.9%) |
| Median Home Value | $235,679 |
| Average Home Value | $280,163 |
Housing Distribution
Address Breakdown
Residential
10,474
Single Family
10,069
Multi-Family
405
Businesses
694
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Listed by: Heather Bolton • Keller Williams Realty Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202430018
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.