Lancaster Plan, Montgomery FarmsLapelIN46051
Nearby investment properties with comparable rents
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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 Lapel at Lancaster Plan, Montgomery Farms, Lapel, IN, 46051 priced at $368,990 converts $2,159/mo rent into after a $1,806/mo obligation. Total monthly income equals $2,159/mo. Return on cash invested prints 19.36% in year one, and rental yield reads 7.02% against a $368,990 entry. Equity gained on principal adds $2,381/yr, while 5% annual appreciation compiles into $101,945 by year five. Five-year ROI reaches 99.7% and total cumulative return in cash sums $121,956. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,159/mo property income covering a $1,806/mo payment, not borrower’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46051, Lapel, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,213 (100%) |
| Owner Occupied HU | 900 (74.2%) |
| Renter Occupied HU | 233 (19.2%) |
| Vacant Housing Units | 80 ( 6.6%) |
| Median Home Value | $202,358 |
| Average Home Value | $233,233 |
Housing Distribution
Address Breakdown
Residential
840
Single Family
840
Multi-Family
0
Businesses
102
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