1061 N Main St, Tipton, IN, 46072 | 6.01% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1061 N Main St, Tipton, IN, 46072 | 6.01% Rental Yield | 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

Rental property for sale in Tipton at 1061 N Main St, Tipton, IN, 46072 generates $1,252/mo in rent, after a $1,224/mo payment. Total monthly income is $1,252/mo. Return on cash invested sits at 16.3% in year one, and rental yield is 6.01% on a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 83.26% and total cumulative return in cash sums $68,998. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,252/mo property income rather than buyer’s personal income.

Single Family

Built in 1954

9,757 sqft lot

$N/A/sqft

No HOA

More details about the property

LISTED COMING SOON - Charming 3-Bedroom Home with Multiple Living Spaces and a Fenced Yard Welcome to this inviting 3-bedroom, 1-bath home offering plenty of space and character! Step inside to find multiple living areas, perfect for relaxing or entertaining, and an enclosed front porch that provides the ideal spot for morning coffee or evening unwinding. The home features a bonus room currently used as a playroom, giving you flexible space that can easily serve as a home office, craft area, or guest room. Each bedroom offers comfortable size and natural light, while the layout ensures a warm, welcoming flow throughout. Outside, you'll love the fully fenced backyard, ideal for pets or outdoor gatherings, along with a storage shed for tools and extra storage. With its combination of charm, functionality, and space, this home is ready for you to make it your own! Updates include: All new HVAC 2011, Roof 2017, 2 layers. New gravel driveway 2025, 2021 new AC unit, 2023 bathroom remodel including new plumbing and flooring, 2025 new sewage line, 2019 new gutters with lifetime warranty that is transferrable to the new owner.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46072, Tipton, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,128 (100%)
Owner Occupied HU	3,001 (72.7%)
Renter Occupied HU	817 (19.8%)
Vacant Housing Units	310 ( 7.5%)
Median Home Value	$208,736
Average Home Value	$239,538