8144 N County Road 700 ETwelve MileIN46988
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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 Twelve Mile at 8144 N County Road 700 E, Twelve Mile, IN, 46988 uses $59,007 cash to close to unlock $717/yr annual cash flow and $60/mo monthly cash flow. Total monthly income runs $1,128/mo, and a $871/mo payment keeps the spread at $60/mo. Purchase price stands at $178,000, and rental yield measures 7.6% with $1,128/mo rent. Return on cash invested shows 21.12% in year one, and 5% annual appreciation builds toward $49,178 over five years. Five-year ROI reaches 109.11% and total cumulative return in cash records $64,381. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,128/mo property income covering a $871/mo payment rather than investor’s personal income.
Manufactured
Built in 2003
1.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46988, Twelve Mile, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 359 (100%) |
| Owner Occupied HU | 281 (78.3%) |
| Renter Occupied HU | 51 (14.2%) |
| Vacant Housing Units | 27 ( 7.5%) |
| Median Home Value | $221,491 |
| Average Home Value | $266,486 |
Housing Distribution
Address Breakdown
Residential
279
Single Family
279
Multi-Family
0
Businesses
12
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Listed by: Sierra Potts • RE/MAX Results- Warsaw
Mls Name: IRMLS
Mls Provider:
Mls ID: #202428815
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.