958 E Walnut StNappaneeIN46550
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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 Nappanee at 958 E Walnut St, Nappanee, IN, 46550 listed at $187,500 pairs $1,319/mo rent with a $918/mo payment to leave $193/mo cash flow. Total monthly income runs $1,319/mo, and annual cash flow reaches $2,318/yr on $62,156 cash to close. Return on cash invested measures 23.64% in year one, and rental yield registers 8.44% at a $187,500 basis. Equity gained on principal adds $1,210/yr, and annual property appreciation at 5% supports $51,803 by year five. Five-year ROI tracks 122.66% and total cumulative return in cash totals $76,243. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,319/mo property income relative to a $918/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1910
6,600 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46550, Nappanee, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,876 (100%) |
| Owner Occupied HU | 3,359 (68.9%) |
| Renter Occupied HU | 1,222 (25.1%) |
| Vacant Housing Units | 295 ( 6.1%) |
| Median Home Value | $271,504 |
| Average Home Value | $301,080 |
Housing Distribution
Address Breakdown
Residential
4,679
Single Family
4,518
Multi-Family
161
Businesses
386
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