1015 S Main St, Versailles, IN, 47042 | $314/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1015 S Main St, Versailles, IN, 47042 | $314/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

Investment property for sale in Versailles at 1015 S Main St, Versailles, IN, 47042 listed at $164,500 pairs $1,301/mo rent with a $805/mo payment to leave $314/mo cash flow. Total monthly income runs $1,301/mo, and annual cash flow reaches $3,764/yr on $54,532 cash to close. Return on cash invested measures 26.81% in year one, and rental yield registers 9.49% at a $164,500 basis. Equity gained on principal adds $1,061/yr, and annual property appreciation at 5% supports $45,448 by year five. Five-year ROI tracks 139.64% and total cumulative return in cash totals $76,150. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,301/mo property income relative to a $805/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1967

0.27 Acres lot

$N/A/sqft

No HOA

More details about the property

Considering a starter home to begin your real estate investment or a comfortable downsizer? Here's a 3-bed ranch in the heart of Versailles! 1015 S. Main St, Versailles, IN . This well-kept, all-one-level ranch offers 1,144 sq. ft. of living space on a 75 x 150 lot. It includes 3 bedrooms, 1 bath, a spacious eat-in kitchen with appliances included, a 1-car attached garage w/ 312 sqft . There's also a 12 x 16 back patio that's perfect for outdoor relaxing. The roof is only 9 years old, and the home has central heat and air for year-round comfort. City Sewer and close to town amenities. Recent updates include new flooring in the living room (July 2024), two bedrooms (early 2025), and the bathroom and kitchen (April 2023). The washer was purchased in February 2025. Move-in ready with thoughtful updates throughout, a solid, low-maintenance home in a great community.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47042, Versailles, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,997 (100%)
Owner Occupied HU	1,258 (63.0%)
Renter Occupied HU	542 (27.1%)
Vacant Housing Units	197 ( 9.9%)
Median Home Value	$192,586
Average Home Value	$228,027