10038 Old State Route 56, Aurora, IN, 47001 | $541/mo Cash Flow

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10038 Old State Route 56, Aurora, IN, 47001 | $541/mo Cash Flow | Ziffy

For Sale

Currently Rented

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

Investment property for sale in Aurora at 10038 Old State Route 56, Aurora, IN, 47001 listed at $249,900 pairs $2,041/mo rent with a $1,223/mo payment to leave $541/mo cash flow. Total monthly income runs $2,041/mo, and annual cash flow reaches $6,492/yr on $82,842 cash to close. Return on cash invested measures 27.75% in year one, and rental yield registers 9.8% at a $249,900 basis. Equity gained on principal adds $1,613/yr, and annual property appreciation at 5% supports $69,043 by year five. Five-year ROI tracks 144.67% and total cumulative return in cash totals $119,846. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,041/mo property income relative to a $1,223/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in N/A

4.17 Acres lot

$N/A/sqft

No HOA

More details about the property

This is it! Wonderful piece of property just outside Aurora! Zoned B2 Commercial or Residential or both! Subject to survey. City water (line was run a few years back, located at the rear of the property. Property is cleared and level with approximately 607 ft. of road frontage on SR 56. Present billboard is rented from Nov-Nov for $1,500.00 a yr. Taxes TBD and subject to survey.

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