12114 E Sparks Rd, Solsberry, IN, 47459 | $596/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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12114 E Sparks Rd, Solsberry, IN, 47459 | $596/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 Solsberry at 12114 E Sparks Rd, Solsberry, IN, 47459 earns $596/mo cash flow from $1,976/mo rent with a $1,125/mo payment. Total monthly income totals $1,976/mo, and annual cash flow totals $7,154/yr on $76,212 capital. ROI tracks 29.3% on current figures, and rental yield reads 10.31% at a $229,900 purchase. Equity gained on principal adds $1,484/yr, and 5% annual appreciation supports $63,517 over five years. Five-year ROI reaches 153% and total cumulative return in cash sums $116,603. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,976/mo property income instead of your personal income.

Manufactured

Built in 1999

1.06 Acres lot

$N/A/sqft

No HOA

More details about the property

Say hello to your new country home! Located just minutes from the west side of Bloomington, this peaceful paradise feels like it is miles from anything but really is only a hop skip and a jump from all the amenities of town. The home is a large 4 bedroom, 2 full bath that has been recently remodeled with new laminate flooring, paint, and all the kitchen appliances are only a year or less old. It boast a gigantic living room and a separate dining room. The primary bedroom is on the east end of the home with its own ensuite bath, featuring both a large tub and a separate shower while the other 3 bedrooms are located on the western end of the home and have access to the 2nd full bath. The front porch is large enough to accommodate several lawn chairs and has a accessibility ramp, all overlooking the above ground 28' diameter pool. Further to the west of the pool is a large 24'X10' yard barn that could be used for a multitude of different past times and play, as well as storage in its 2 lofts and between to pool and yard barn is a ground level patio area built with pavers and a built in fire pit. Of course, you need somewhere to keep your vehicle, right? There is a massive 30'X30' garage, more than enough room to accommodate vehicles, mower, and a workspace, with a large wood stove already installed. All of this on just over an acre on a quiet paved country road but only 1 mile off the state highway. Come see this gem today because it won't last long.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47459, Solsberry, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,476 (100%)
Owner Occupied HU	1,148 (77.8%)
Renter Occupied HU	155 (10.5%)
Vacant Housing Units	173 (11.7%)
Median Home Value	$262,500
Average Home Value	$281,529