1017 W Main St, Westport, IN, 47283 | 4.59% Rental Yield

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Price: $300K - 500K

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1017 W Main St, Westport, IN, 47283 | 4.59% Rental Yield | 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 Westport at 1017 W Main St, Westport, IN, 47283 offers a 4.59% rental yield on a $560,000 purchase with $2,142/mo rent. 12% in year one. Equity gained on principal adds $3,614/yr while 5% annual appreciation supports $154,718 over five years. Portfolio math shows five-year ROI at 60.79% and total cumulative return in cash at $112,001. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,142/mo property income against a $2,741/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1999

15.16 Acres lot

$N/A/sqft

No HOA

More details about the property

Calling all nature lovers! Don't miss this unique opportunity to own a piece of paradise. Your authentic 5-bedroom, 2.5-bath log home sits on over 15 acres of beautiful, nature-nurturing land. With numerous upgrades, including quartz countertops and high-efficiency vinyl windows, this home offers the perfect blend of rustic charm and modern convenience. On the main floor, you'll find a well-appointed kitchen, dining area, living room, laundry, and sunroom, while all bedrooms are conveniently located on the upper level. This home features a ventless living room gas fireplace for added warmth and ambiance. The home logs were professionally inspected, cleaned, coated and sealed in past month. Perimeter drains and gutters have been optimized to ensure a dry crawl space, even during prolonged rain. Out back, there's a poured sidewalk and patio perfect for your included hot tub. The large pond, built in August 2020, spans approximately 1 acre and reaches depths of 17 feet. It's stocked with Red Ear, Bluegill, Bass, Catfish, and Grass Carp. Wildlife loves this property, with deer, foxes, and other animals around daily. This home is more than just a place to live; it's a lifestyle. Experience the tranquility and beauty of nature while enjoying the comforts of modern living. ________________________________________

Neighborhood Data

Neighborhood data shown for ZIP Code: 47283, Westport, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,492 (100%)
Owner Occupied HU	1,106 (74.1%)
Renter Occupied HU	242 (16.2%)
Vacant Housing Units	144 ( 9.7%)
Median Home Value	$234,951
Average Home Value	$273,732