1111 N 2nd St, Decatur, IN, 46733 | $264/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1111 N 2nd St, Decatur, IN, 46733 | $264/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 Decatur at 1111 N 2nd St, Decatur, IN, 46733 generates $1,195/mo in rent and, after a $759/mo payment, leaves $264/mo in cash flow. Total monthly income is $1,195/mo, and annual cash flow is $3,171/yr on $51,383 invested. Return on cash invested sits at 26.08% in year one, and rental yield is 9.25% on a $155,000 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 135.77% and total cumulative return in cash sums $69,760. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,195/mo property income rather than buyer’s personal income.

Single Family

Built in 1930

5,227 sqft lot

$N/A/sqft

No HOA

More details about the property

This adorable two-bedroom home offers a charming layout with a great flow and plenty of character. The spacious living room provides the perfect place to relax or entertain. The formal dining room, currently used as a cozy play or second living area, offers flexible space to fit your lifestyle. The kitchen is generous in size with room for a small breakfast table, and all appliances are included for your convenience. The bathroom is surprisingly roomy and well-designed, adding to the homes comfort and functionality. Loved and cared for, this home shows pride of ownership throughout a perfect opportunity for anyone looking for comfort, warmth, and a great value in Decatur!

Neighborhood Data

Neighborhood data shown for ZIP Code: 46733, Decatur, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	8,091 (100%)
Owner Occupied HU	5,906 (73.0%)
Renter Occupied HU	1,700 (21.0%)
Vacant Housing Units	485 ( 6.0%)
Median Home Value	$216,630
Average Home Value	$273,796