824 Fairhaven CtAngolaIN46703
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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 Angola at 824 Fairhaven Ct, Angola, IN, 46703 generates $3,511/mo in rent and, after a $1,664/mo payment, leaves $1,470/mo in cash flow. Total monthly income is $3,511/mo, and annual cash flow is $17,642/yr on $112,710 invested. Return on cash invested sits at 35.56% in year one, and rental yield is 12.39% on a $340,000 entry. Equity gained on principal adds $2,194/yr, while 5% annual appreciation builds toward $93,936 over five years. Five-year ROI reaches 186.57% and total cumulative return in cash sums $210,282. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,511/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46703, Angola, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,798 (100%) |
| Owner Occupied HU | 5,429 (55.4%) |
| Renter Occupied HU | 2,052 (20.9%) |
| Vacant Housing Units | 2,317 (23.6%) |
| Median Home Value | $272,006 |
| Average Home Value | $345,110 |
Housing Distribution
Address Breakdown
Residential
7,691
Single Family
7,223
Multi-Family
468
Businesses
858
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Listed by: Gabe Cerny • RE/MAX Results - Angola office
Mls Name: IRMLS
Mls Provider:
Mls ID: #202502999
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.