101 E 3rd St, OTTERBEIN, IN, 47970 | $611/mo Cash Flow

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101 E 3rd St, OTTERBEIN, IN, 47970 | $611/mo Cash Flow | Ziffy

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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 OTTERBEIN at 101 E 3rd St, OTTERBEIN, IN, 47970 offers a 10.26% rental yield on a $239,900 purchase with $2,051/mo rent. Total monthly income registers $2,051/mo, and a $1,174/mo payment leaves $611/mo available for distribution. Annual cash flow reaches $7,333/yr on $79,527 to close, and return on cash invested stands at 29.13% in year one. Equity gained on principal adds $1,548/yr while 5% annual appreciation supports $66,280 over five years. Portfolio math shows five-year ROI at 152.11% and total cumulative return in cash at $120,967. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,051/mo property income against a $1,174/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1900

0.27 Acres lot

$N/A/sqft

No HOA

More details about the property

What an amazing place to call home! This recently updated home has large open living spaces with 9' ceilings on the first floor. The spacious bedrooms have ample storage space and the upstairs boasts master suite and loft area. The over-sized kitchen overlooks a large living room and also has a massive walk-in pantry, coffee bar, and access to the main floor laundry/mud room with a third exit to the backyard. The level corner lot gives you lots of options for a place to add your garage and/or a storage shed. There are two door entries so you can situate the front door on either side of the home.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47970, Otterbein, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	749 (100%)
Owner Occupied HU	519 (69.3%)
Renter Occupied HU	153 (20.4%)
Vacant Housing Units	77 (10.3%)
Median Home Value	$211,735
Average Home Value	$255,217