10037 Old State Route 56, Aurora, IN, 47001 | $664/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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10037 Old State Route 56, Aurora, IN, 47001 | $664/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Aurora at 10037 Old State Route 56, Aurora, IN, 47001 generates $2,104/mo in rent and, after a $1,174/mo payment, leaves $664/mo in cash flow. Total monthly income is $2,104/mo, and annual cash flow is $7,969/yr on $79,527 invested. Return on cash invested sits at 29.93% in year one, and rental yield is 10.52% on a $239,900 entry. Equity gained on principal adds $1,548/yr, while 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 156.39% and total cumulative return in cash sums $124,375. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,104/mo property income rather than buyer’s personal income.

Single Family

Built in 1997

1.45 Acres lot

$N/A/sqft

No HOA

More details about the property

Country Living Close to Town - Renovated Ranch on 1.45 Acres. Enjoy the best of both worlds with this updated ranch, offering peaceful country living just minutes from town. This home has been fully renovated from top to bottom and is ready for you to move right in. Step inside to findnew flooring throughout,newer Champion windows, and abrand-new furnace and air system with warranty. The spacious kitchen offers an abundance of cabinetry, perfect for storage and meal prep. With3 bedrooms, each featuring its ownwalk-in closet, there's room for everyone to stay comfortable and organized. Outside, you'll appreciate the low-maintenance new metal roof and siding, along with a new front porch for relaxing or entertaining. Alarge concrete parking areais already in place and ready for your future garage or pole barn. This home is the perfect blend of modern updates and country charm5 minutes to town,15 minutes to I 275 but with the space and freedom you've been looking for.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47001, Aurora, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,472 (100%)
Owner Occupied HU	3,240 (72.5%)
Renter Occupied HU	844 (18.9%)
Vacant Housing Units	388 ( 8.7%)
Median Home Value	$213,898
Average Home Value	$248,906