Fairmont Parke Place Plan, Parke Place, N72wh3 Elkhart, IN, 46514 | $275/mo Cash Flow

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

Investment property for sale in N72wh3 Elkhart at Fairmont Parke Place Plan, Parke Place, N72wh3 Elkhart, IN, 46514 offers a 9.4% rental yield on a $150,000 purchase with $1,175/mo rent. Total monthly income registers $1,175/mo, and a $734/mo payment leaves $275/mo available for distribution. Annual cash flow reaches $3,297/yr on $49,725 to close, and return on cash invested stands at 26.54% in year one. Equity gained on principal adds $968/yr while 5% annual appreciation supports $41,442 over five years. Portfolio math shows five-year ROI at 138.17% and total cumulative return in cash at $68,706. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,175/mo property income against a $734/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Manufactured

Built in 2025

N/A lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 46514, Elkhart, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	18,284 (100%)
Owner Occupied HU	11,774 (64.4%)
Renter Occupied HU	5,434 (29.7%)
Vacant Housing Units	1,076 ( 5.9%)
Median Home Value	$219,702
Average Home Value	$252,263