Sheffield Plan, Montgomery FarmsLapelIN46051
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Sheffield Plan, Montgomery Farms, Lapel, IN, 46051 priced at $341,990 pairs $2,425/mo rent with $372/mo cash flow after a $1,674/mo payment. Total monthly income equals $2,425/mo, and annual cash flow comes to $4,464/yr on $113,370 invested. Return on cash invested is 23.85% in year one, and rental yield stands at 8.51% on a $341,990 basis. Equity gained on principal adds $2,207/yr, and 5% annual appreciation accumulates to $94,486 by year five. Five-year ROI measures 123.71% and total cumulative return in cash reaches $140,251. For financing, Ziffy Mortgage’s DSCR program evaluates $2,425/mo property income against a $1,674/mo payment instead of your W2s, 1099s, or Tax returns.
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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