945-947 Bill Of Rights RdShipshewanaIN46565
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayYield and appreciation often trade off, and at 945-947 Bill Of Rights Rd, Shipshewana, IN, 46565 in Shipshewana the bet is firmly on appreciation. Rental yield 0%. The 0% gross yield on a $125,000 price is below income-first thresholds, but 5%/yr value growth projects $34,535 in equity by year five. Ziffy Mortgage's non-U.S. DSCR mortgage (0.00) finances the acquisition on rental income alone. A larger down payment (30–35%) reduces monthly debt service and tightens the spread.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 0% | 6.2% |
| Monthly Cash Flow | $0 | $300 |
City averages based on Shipshewana market data in our database. Property projections are estimates.
Manufactured
Built in 1990
3,920 sqft 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
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
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
Manufactured
Built in 1990
3,920 sqft 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
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Leanne Hankins • Cressy & Everett- Elkhart
Mls Name: IRMLS
Mls Provider:
Mls ID: #202519657
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