816 Markle AveElkhartIN46517
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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 Elkhart at 816 Markle Ave, Elkhart, IN, 46517 at $249,900 posts ROI 20.42% with $35/mo cash flow from $1,535/mo rent. Total monthly income equals $1,535/mo, and annual cash flow records $420/yr on $82,842 to close. Return on cash invested measures 20.42% and rental yield reads 7.37% at the current $249,900. Equity gained on principal adds $1,613/yr, and 5% annual appreciation supports $69,043 by year five. Five-year ROI prints 105.37% and total cumulative return in cash totals $87,290.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,535/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1964
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46517, Elkhart, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,200 (100%) |
| Owner Occupied HU | 5,614 (61.0%) |
| Renter Occupied HU | 3,089 (33.6%) |
| Vacant Housing Units | 497 ( 5.4%) |
| Median Home Value | $214,555 |
| Average Home Value | $266,234 |
Housing Distribution
Address Breakdown
Residential
9,030
Single Family
7,959
Multi-Family
1,071
Businesses
580
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Listed by: Kalet Gonzalez • Century 21 Circle
Mls Name: IRMLS
Mls Provider:
Mls ID: #202508509
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.