7930 W 365 NShipshewanaIN46565
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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 Shipshewana at 7930 W 365 N, Shipshewana, IN, 46565 uses $116,025 cash to close to unlock $5,881/yr annual cash flow and $490/mo monthly cash flow. Total monthly income runs $2,591/mo, and a $1,713/mo payment keeps the spread at $490/mo. Purchase price stands at $350,000, and rental yield measures 8.88% with $2,591/mo rent. Return on cash invested shows 24.98% in year one, and 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 129.82% and total cumulative return in cash records $150,626. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,591/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 1995
0.88 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46565, Shipshewana, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,896 (100%) |
| Owner Occupied HU | 2,232 (77.1%) |
| Renter Occupied HU | 472 (16.3%) |
| Vacant Housing Units | 192 ( 6.6%) |
| Median Home Value | $385,242 |
| Average Home Value | $482,843 |
Housing Distribution
Address Breakdown
Residential
2,641
Single Family
2,641
Multi-Family
0
Businesses
297
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Listed by: Virgen Morales • Lewis & Lambright Inc
Mls Name: IRMLS
Mls Provider:
Mls ID: #202438283
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.