Kendra Springs Plan, North Ridge Estates, North Manchester, IN, 46962 | $241/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 North Manchester at Kendra Springs Plan, North Ridge Estates, North Manchester, IN, 46962 with 5% annual appreciation on a $340,000 basis while $2,282/mo rent supports operations. Total monthly income totals $2,282/mo and a $1,664/mo payment preserves $241/mo for cash returns. Annual cash flow comes to $2,894/yr on $112,710 deployed, and return on cash invested reaches 22.48% in year one. Equity gained on principal adds $2,194/yr, and five-year appreciation sums $93,936 alongside rental yield of 8.05%. Five-year ROI measures 116.41% and total cumulative return in cash totals $131,202.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,282/mo property income versus a $1,664/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 2025

N/A lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 46962, North Manchester, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,818 (100%)
Owner Occupied HU	2,537 (66.4%)
Renter Occupied HU	941 (24.6%)
Vacant Housing Units	340 ( 8.9%)
Median Home Value	$169,696
Average Home Value	$234,758