10557 W Us Highway 50, Norman, IN, 47264 | 5.38% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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10557 W Us Highway 50, Norman, IN, 47264 | 5.38% Rental Yield | Ziffy

For Sale

Airbnb Potential

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

Total monthly income runs $1,435/mo, and a $1,566/mo payment. Purchase price stands at $319,900, and rental yield measures 5.38% with $1,435/mo rent. Return on cash invested shows 14.41% in year one, and 5% annual appreciation builds toward $88,382 over five years. Five-year ROI reaches 73.15% and total cumulative return in cash records $77,576. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,435/mo property income covering a $1,566/mo payment rather than investor’s personal income.

Single Family

Built in N/A

43 Acres lot

$N/A/sqft

No HOA

More details about the property

Great investment property in Jackson County 43+/- Acres with tillable acreage, cabin, large pole barn and well stocked pond. This property would make a great investment with approx. 20+/- tillable acres. The cabin was built in 1939 and has approx. 1600 sq. ft. of finished area, county water, electric, high speed internet availability, hardwood floors, and a walk out basement. Perfect for a weekend getaway or to be used as a rental. The large pole barn has approx. 2000 sq. ft., a concrete floor and plenty of loft space. This property has plenty of potential areas to build your dream or retirement home with the open crop fields surrounded by young hardwood timber. Those features also make this property an excellent area to start a mini farm or homestead. With the diverse habitat within the property as well as the open crop fields, the property should be flush with an abundance of wildlife and song birds. (The house with one acre along the North West side is not part of the sale)

Neighborhood Data

Neighborhood data shown for ZIP Code: 47264, Norman, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	670 (100%)
Owner Occupied HU	528 (78.8%)
Renter Occupied HU	73 (10.9%)
Vacant Housing Units	69 (10.3%)
Median Home Value	$242,073
Average Home Value	$265,459