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Elkhart, IN — Rental Investment Analysis

🟡MODERATE— average returns

Cap Rate

4.0%

Below average

Monthly Cash Flow

-$486

After all expenses

Price-to-Rent

14.6

Investor-friendly

DSCR

0.62

Fails

📊 Key Metrics

Median Home Price
$240,690
Average Rent (3BR)
$1,310/mo
Price-to-Rent Ratio
14.6(good)
1% Rule
0.58%(fails — need 1%+)
Cash-on-Cash Return
-10.4%
Vacancy Rate
8.0%

📈 Market Strength

Assumptions Used

20% down, 7.000000000000001% rate, 30yr, 8% vacancy, 10% maintenance

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🏘️ Best Zip Codes in Elkhart for Investors

46516
Cap Rate: 5.5%Cash Flow: -$144/mo$185,568
46514
Cap Rate: 4.5%Cash Flow: -$392/mo$246,766
46517
Cap Rate: 3.5%Cash Flow: -$581/mo$240,690

All Zip Codes in Elkhart

ZipCap RateCash FlowHome PriceRent (3BR)DSCR
465165.5%-$144$185,568$1,350/mo0.85
465144.5%-$392$246,766$1,550/mo0.70
465173.5%-$581$240,690$1,270/mo0.55
465173.5%-$581$240,690$1,270/mo0.55