99 Plan, Lakeside Living MHCRensselaerIN47978
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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 Rensselaer at 99 Plan, Lakeside Living MHC, Rensselaer, IN, 47978 offers $1,167/mo rent that, after a $719/mo payment, leaves $285/mo cash flow. Total monthly income is $1,167/mo, and annual cash flow is $3,422/yr on $48,697 cash. Return on cash invested measures 26.94% in year one, and rental yield stands at 9.53% at a $146,900 entry. Equity gained on principal adds $948/yr while 5% annual appreciation compounds into $40,586 by year five. Five-year ROI records 140.37% and total cumulative return in cash reaches $68,357. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,167/mo property income versus a $719/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47978, Rensselaer, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,710 (100%) |
| Owner Occupied HU | 3,173 (67.4%) |
| Renter Occupied HU | 1,190 (25.3%) |
| Vacant Housing Units | 347 ( 7.4%) |
| Median Home Value | $207,764 |
| Average Home Value | $254,811 |
Housing Distribution
Address Breakdown
Residential
4,454
Single Family
4,324
Multi-Family
130
Businesses
430
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Listed by: N/A • Turnkey Communities
Mls Name: Turnkey Communities
Mls ID: #N/A