112 E College St, Bainbridge, IN, 46105 | Equity Gain $2,581/yr

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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112 E College St, Bainbridge, IN, 46105 | Equity Gain $2,581/yr | 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 Bainbridge at 112 E College St, Bainbridge, IN, 46105 priced at $400,000 pairs $0/mo rent with after a $1,958/mo payment. Total monthly income equals $0/mo. Return on cash invested is -1.82% in year one, and rental yield stands at 0% on a $400,000 basis. Equity gained on principal adds $2,581/yr, and 5% annual appreciation accumulates to $110,513 by year five. For financing, Ziffy Mortgage’s DSCR program evaluates $0/mo property income against a $1,958/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 2023

0.68 Acres lot

$N/A/sqft

No HOA

More details about the property

AMAZING OPPORTUNITY to own a house that has it all! This newer 4 bedroom/2 bath home in Bainbridge checks ALL of the boxes! Starting off with a hard to find, .68 acre lot that is completely fenced in with a brand new vinyl privacy fence. Not to mention, the 4 car attached garage with two bays AND a third overhead door in the back so that you can pull completely through. With over 2200 square feet of living space, there's room for everyone. The home features a desirable, split floorplan and an open concept living area. Not one, but TWO living rooms! The beautiful kitchen features a large center island, a pantry, plenty of cabinetry/countertop space and stainless steel appliances that stay. The spacious laundry room is conveniently located off of the garage and offers a utility sink, extra storage and a washer/dryer that are negotiable. The 16x14 master bedroom features a large walk-in closet, complete with custom built-ins. The master bathroom offers a double vanity, a heated jacuzzi tub AND a custom tile walk-in shower. You can relax or entertain guests on your covered front porch or the spacious back deck. There's nothing left to do to this house except move in! Don't miss out on this one!

Neighborhood Data

Neighborhood data shown for ZIP Code: 46105, Bainbridge, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	824 (100%)
Owner Occupied HU	656 (79.6%)
Renter Occupied HU	99 (12.0%)
Vacant Housing Units	69 ( 8.4%)
Median Home Value	$229,425
Average Home Value	$292,828