10941 N 1080 E, Odon, IN, 47562 | $696/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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10941 N 1080 E, Odon, IN, 47562 | $696/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

Rental property for sale in Odon at 10941 N 1080 E, Odon, IN, 47562 generates $1,897/mo in rent and, after a $979/mo payment, leaves $696/mo in cash flow. Total monthly income is $1,897/mo, and annual cash flow is $8,356/yr on $66,300 invested. Return on cash invested sits at 32.51% in year one, and rental yield is 11.38% on a $200,000 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 170.22% and total cumulative return in cash sums $112,856. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,897/mo property income rather than buyer’s personal income.

Manufactured

Built in 1940

1.11 Acres lot

$N/A/sqft

No HOA

More details about the property

Come home to the country. Enjoy this ranch-style home nestled back off the road. You are sure to enjoy the peace of mind that comes with having a newer metal roof. This 2 bedroom home has a nice ramp leading to the back and a beautiful front porch for those early morning coffee breaks. Nestled outside the little town of Odon, Indiana. Offering great accessibility to Crane, Washington, Bloomington, Loogootee, and more. Let the paved road lead you home!

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