9297 W 1300 SGoodlandIN47948
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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 Goodland at 9297 W 1300 S, Goodland, IN, 47948 generates $2,058/mo in rent and, after a $1,223/mo payment, leaves $558/mo in cash flow. Total monthly income is $2,058/mo, and annual cash flow is $6,696/yr on $82,842 invested. Return on cash invested sits at 27.99% in year one, and rental yield is 9.88% on a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 146.02% and total cumulative return in cash sums $120,962. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,058/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
2.54 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47948, Goodland, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 578 (100%) |
| Owner Occupied HU | 385 (66.6%) |
| Renter Occupied HU | 137 (23.7%) |
| Vacant Housing Units | 56 ( 9.7%) |
| Median Home Value | $152,961 |
| Average Home Value | $175,396 |
Housing Distribution
Address Breakdown
Residential
481
Single Family
457
Multi-Family
24
Businesses
40
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Listed by: James Taulman • Stucker Rlty Inc
Mls Name: IRMLS
Mls Provider:
Mls ID: #202510857
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.