9420 W North 0 S #27, Converse, IN, 46919 | 6.35% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $1,456/mo, and a $1,346/mo payment. Purchase price stands at $275,000, and rental yield measures 6.35% with $1,456/mo rent. Return on cash invested shows 17.34% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 88.89% and total cumulative return in cash records $81,035. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,456/mo property income covering a $1,346/mo payment rather than investor’s personal income.

Single Family

Built in 1900

11.06 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 46919, Converse, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	961 (100%)
Owner Occupied HU	676 (70.3%)
Renter Occupied HU	185 (19.3%)
Vacant Housing Units	100 (10.4%)
Median Home Value	$196,330
Average Home Value	$273,295