9280 W 360 NShipshewanaIN46565
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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 Shipshewana at 9280 W 360 N, Shipshewana, IN, 46565 listed at $350,000 pairs $1,214/mo rent with a $1,713/mo payment. Total monthly income runs $1,214/mo. Return on cash invested measures 10.74% in year one, and rental yield registers 4.16% at a $350,000 basis. Equity gained on principal adds $2,258/yr, and annual property appreciation at 5% supports $96,699 by year five. Five-year ROI tracks 53.43% and total cumulative return in cash totals $61,994. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,214/mo property income relative to a $1,713/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1977
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46565, Shipshewana, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,896 (100%) |
| Owner Occupied HU | 2,232 (77.1%) |
| Renter Occupied HU | 472 (16.3%) |
| Vacant Housing Units | 192 ( 6.6%) |
| Median Home Value | $385,242 |
| Average Home Value | $482,843 |
Housing Distribution
Address Breakdown
Residential
2,641
Single Family
2,641
Multi-Family
0
Businesses
297
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Listed by: N/A • N/A
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