The Boone Plan, Green AcresMichigan CityIN46360
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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 Michigan City at The Boone Plan, Green Acres, Michigan City, IN, 46360 priced at $111,095 converts $889/mo rent into $222/mo cash flow after a $544/mo obligation. Total monthly income equals $889/mo, and annual cash flow totals $2,662/yr on $36,828 invested. Return on cash invested prints 27.14% in year one, and rental yield reads 9.6% against a $111,095 entry. Equity gained on principal adds $717/yr, while 5% annual appreciation compiles into $30,694 by year five. Five-year ROI reaches 141.37% and total cumulative return in cash sums $52,063. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $889/mo property income covering a $544/mo payment, not borrower’s personal income.
Manufactured
Built in 2026
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46360, Michigan City, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,591 (100%) |
| Owner Occupied HU | 11,713 (54.2%) |
| Renter Occupied HU | 6,451 (29.9%) |
| Vacant Housing Units | 3,427 (15.9%) |
| Median Home Value | $182,550 |
| Average Home Value | $260,534 |
Housing Distribution
Address Breakdown
Residential
19,767
Single Family
17,144
Multi-Family
2,623
Businesses
1,421
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Listed by: N/A • Ravinia Communities
Mls Name: Ravinia Communities
Mls ID: #N/A