110 W Elnora St, Odon, IN, 47562 | $953/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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110 W Elnora St, Odon, IN, 47562 | $953/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 110 W Elnora St, Odon, IN, 47562 priced at $289,900 converts $2,693/mo rent into $953/mo cash flow after a $1,419/mo obligation. Total monthly income equals $2,693/mo, and annual cash flow totals $11,432/yr on $96,102 invested. Return on cash invested prints 31.81% in year one, and rental yield reads 11.15% against a $289,900 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation compiles into $80,094 by year five. Five-year ROI reaches 166.4% and total cumulative return in cash sums $159,909. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,693/mo property income covering a $1,419/mo payment, not borrower’s personal income.

Single Family

Built in 1925

0.63 Acres lot

$N/A/sqft

No HOA

More details about the property

Beautifully maintained historic home with bountiful updates and preservation in just the right places. This five bedroom home features a gas fireplace, tall ceilings, recently updated kitchen cabinetry, quartz countertops, and laminate flooring, all while showcasing the gorgeous original hardwoods. The open kitchen and dining room are great for family time. Lots of space and storage in the full walk-out basement with poured walls, plus camper carport with electric hookup, and large detached garage with heated floors and bathroom.

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