1069 W Railroad St, Fountaintown, IN, 46130 | $245/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1069 W Railroad St, Fountaintown, IN, 46130 | $245/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 Fountaintown at 1069 W Railroad St, Fountaintown, IN, 46130 earns $245/mo cash flow from $1,440/mo rent with a $974/mo payment. Total monthly income totals $1,440/mo, and annual cash flow totals $2,945/yr on $65,969 capital. ROI tracks 24.37% on current figures, and rental yield reads 8.68% at a $199,000 purchase. Equity gained on principal adds $1,284/yr, and 5% annual appreciation supports $54,980 over five years. Five-year ROI reaches 126.58% and total cumulative return in cash sums $83,502. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,440/mo property income instead of your personal income.

Single Family

Built in 1950

0.48 Acres lot

$N/A/sqft

No HOA

More details about the property

Adorable Country Home in Hancock County Come enjoy the peaceful country life! This charming home sits on a beautiful lot with mature trees, a great view, and plenty of room for a garden. Located in a small subdivision just east of New Palestine in the Carrollton/Findley area, you'll love the quiet setting with easy access to both Hancock and Shelby Counties. Inside, the home features a large country-style kitchen and a bright sunroom that spans the width of the home-perfect for relaxing or entertaining. All appliances stay, including the washer and dryer, making this home move-in ready. It's an ideal choice for a starter home or for those looking to downsize, located in the highly sought-after Southern Hancock School District. Recent updates include: * HVAC (Dec 2019) * Roof (approx. 10 years old) * Asphalt driveway sealed in 2020 with a 7-year warranty * Washer, dryer, and refrigerator (less than 10 years old) * Electric stove (less than 6 years old) Enjoy summer evenings on the back patio or covered porch while taking in the peaceful surroundings-this adorable home has so much to offer!

Neighborhood Data

Neighborhood data shown for ZIP Code: 46130, Fountaintown, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	982 (100%)
Owner Occupied HU	822 (83.7%)
Renter Occupied HU	132 (13.4%)
Vacant Housing Units	28 ( 2.9%)
Median Home Value	$282,246
Average Home Value	$313,887