Lancia's Springfield II Plan, Noble Creek, Kendallville, Kendallville, IN, 46755 | $185/mo Cash Flow

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NMLS #2625701

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Lancia's Franklin II Plan, Noble Creek, Kendallville, Kendallville, IN, 46755

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 Kendallville at Lancia's Springfield II Plan, Noble Creek, Kendallville, Kendallville, IN, 46755 offers a 8.26% rental yield on a $253,000 purchase with $1,741/mo rent. Total monthly income registers $1,741/mo, and a $1,238/mo payment leaves $185/mo available for distribution. Annual cash flow reaches $2,215/yr on $83,870 to close, and return on cash invested stands at 22.55% in year one. Equity gained on principal adds $1,633/yr while 5% annual appreciation supports $69,899 over five years. Portfolio math shows five-year ROI at 116.97% and total cumulative return in cash at $98,104. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,741/mo property income against a $1,238/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 2026

N/A lot

$N/A/sqft

$38 monthly HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 46755, Kendallville, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,806 (100%)
Owner Occupied HU	4,479 (65.8%)
Renter Occupied HU	1,833 (26.9%)
Vacant Housing Units	494 ( 7.3%)
Median Home Value	$205,982
Average Home Value	$263,814