825 W Wolf AveElkhartIN46516
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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 Elkhart at 825 W Wolf Ave, Elkhart, IN, 46516 priced at $120,000 converts $1,902/mo rent into $1,180/mo cash flow after a $587/mo obligation. Total monthly income equals $1,902/mo, and annual cash flow totals $14,164/yr on $39,780 invested. Return on cash invested prints 55.51% in year one, and rental yield reads 19.02% against a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation compiles into $33,154 by year five. Five-year ROI reaches 293.65% and total cumulative return in cash sums $116,815. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,902/mo property income covering a $587/mo payment, not borrower’s personal income.
Single Family
Built in 1912
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46516, Elkhart, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,463 (100%) |
| Owner Occupied HU | 7,221 (53.6%) |
| Renter Occupied HU | 5,279 (39.2%) |
| Vacant Housing Units | 963 ( 7.2%) |
| Median Home Value | $172,789 |
| Average Home Value | $240,548 |
Housing Distribution
Address Breakdown
Residential
13,032
Single Family
11,652
Multi-Family
1,380
Businesses
1,157
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Listed by: Shaquia S Hairston • Open Door Realty, Inc
Mls Name: IRMLS
Mls Provider:
Mls ID: #202532227
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.