107 E Race St, Odon, IN, 47562 | $524/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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107 E Race St, Odon, IN, 47562 | $524/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 Odon at 107 E Race St, Odon, IN, 47562 listed at $215,000 pairs $1,814/mo rent with a $1,052/mo payment to leave $524/mo cash flow. Total monthly income runs $1,814/mo, and annual cash flow reaches $6,285/yr on $71,273 cash to close. Return on cash invested measures 28.73% in year one, and rental yield registers 10.12% at a $215,000 basis. Equity gained on principal adds $1,387/yr, and annual property appreciation at 5% supports $59,401 by year five. Five-year ROI tracks 149.88% and total cumulative return in cash totals $106,825. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,814/mo property income relative to a $1,052/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1910

1,176 sqft lot

$N/A/sqft

No HOA

More details about the property

NEW LISTING!!!! 2 Bedroom/ 2 Full Bath w/ a Huge Backyard. Come see the Completely Renovated Interior of this home. No expense was spared in turning this House into your Dream Home. New cabinetry, Granite Counter Tops, Appliances, HVAC, Washer/Dryer, Pex water lines, Drywall, Laminate Floors, Trim. There is Plenty of room in the Backyard for a Garage or Outdoor Living Area.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47562, Odon, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,799 (100%)
Owner Occupied HU	1,335 (74.2%)
Renter Occupied HU	354 (19.7%)
Vacant Housing Units	110 ( 6.1%)
Median Home Value	$238,010
Average Home Value	$260,268