1218 N Ewing St, Seymour, IN, 47274 | $246/mo Cash Flow

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1218 N Ewing St, Seymour, IN, 47274 | $246/mo Cash Flow | Ziffy

For Sale

Listed for sale today

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 Seymour at 1218 N Ewing St, Seymour, IN, 47274 listed at $199,900 pairs $1,446/mo rent with a $978/mo payment to leave $246/mo cash flow. Total monthly income runs $1,446/mo, and annual cash flow reaches $2,957/yr on $66,267 cash to close. Return on cash invested measures 24.37% in year one, and rental yield registers 8.68% at a $199,900 basis. Equity gained on principal adds $1,290/yr, and annual property appreciation at 5% supports $55,229 by year five. Five-year ROI tracks 126.56% and total cumulative return in cash totals $83,869. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,446/mo property income relative to a $978/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1930

0.70 Acres lot

$N/A/sqft

No HOA

More details about the property

Updated home with a full basement and a woodsy .7 acre lot with a huge backyard and large 2-car garage with concrete block walls. You'll love the modern updates and the historic 1930s character including hardwood floors, archways, tall ceilings, and big windows. HVAC was new in 2019. Roof and siding were replaced in 2015. The windows were all replaced in 2017, even in the basement. The water heater was new in 2018. Updated kitchen and bathroom. The full, unfinished basement needs paint but has tall ceilings, big windows, and the potential to be finished. According to the previous owners, the wood-burning fireplace in the family room does work but the flue has been sealed shut; it could be unsealed and used again. This is a convenient location on the northern edge of Seymour but offers the privacy and outdoor space of a country home. Possession is available at closing.