93 Lincoln AveNew ChicagoIN46342
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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 New Chicago at 93 Lincoln Ave, New Chicago, IN, 46342 priced at $105,900 pairs $833/mo rent with $198/mo cash flow after a $518/mo payment. Total monthly income equals $833/mo, and annual cash flow comes to $2,371/yr on $35,106 invested. Return on cash invested is 26.66% in year one, and rental yield stands at 9.44% on a $105,900 basis. Equity gained on principal adds $683/yr, and 5% annual appreciation accumulates to $29,258 by year five. Five-year ROI measures 138.87% and total cumulative return in cash reaches $48,752. For financing, Ziffy Mortgage’s DSCR program evaluates $833/mo property income against a $518/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1971
8,668 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46342, Hobart, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,699 (100%) |
| Owner Occupied HU | 9,996 (73.0%) |
| Renter Occupied HU | 2,806 (20.5%) |
| Vacant Housing Units | 897 ( 6.5%) |
| Median Home Value | $231,713 |
| Average Home Value | $262,010 |
Housing Distribution
Address Breakdown
Residential
13,166
Single Family
11,782
Multi-Family
1,384
Businesses
705
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Listed by: John Sandridge • Eagle Pro Realty
Mls Name: NIRA
Mls ID: #831164