824 Spring Meadow Farm DrMiddleburyIN46540
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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 Middlebury at 824 Spring Meadow Farm Dr, Middlebury, IN, 46540 uses $180,917 cash to close to unlock $7,866/yr annual cash flow and $656/mo monthly cash flow. Total monthly income runs $3,956/mo, and a $2,691/mo payment keeps the spread at $656/mo. Purchase price stands at $549,900, and rental yield measures 8.63% with $3,956/mo rent. Return on cash invested shows 24.41% in year one, and 5% annual appreciation builds toward $151,927 over five years. Five-year ROI reaches 126.7% and total cumulative return in cash records $229,214. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,956/mo property income covering a $2,691/mo payment rather than investor’s personal income.
Single Family
Built in 1999
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46540, Middlebury, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,333 (100%) |
| Owner Occupied HU | 3,498 (80.7%) |
| Renter Occupied HU | 659 (15.2%) |
| Vacant Housing Units | 176 ( 4.1%) |
| Median Home Value | $339,066 |
| Average Home Value | $378,665 |
Housing Distribution
Address Breakdown
Residential
4,197
Single Family
4,157
Multi-Family
40
Businesses
437
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Listed by: Toni Bontrager • Berkshire Hathaway HomeServices Elkhart
Mls Name: IRMLS
Mls ID: #202545574