122 4th St, Tipton, IN, 46072 | $57/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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122 4th St, Tipton, IN, 46072 | $57/mo Cash Flow | Ziffy

For Sale

Fix & Flip

Rental Income

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 Tipton at 122 4th St, Tipton, IN, 46072 listed at $199,000 pairs $1,252/mo rent with a $974/mo payment to leave $57/mo cash flow. Total monthly income runs $1,252/mo, and annual cash flow reaches $689/yr on $65,969 cash to close. Return on cash invested measures 20.95% in year one, and rental yield registers 7.55% at a $199,000 basis. Equity gained on principal adds $1,284/yr, and annual property appreciation at 5% supports $54,980 by year five. Five-year ROI tracks 108.24% and total cumulative return in cash totals $71,406. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,252/mo property income relative to a $974/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1945

0.27 Acres lot

$N/A/sqft

No HOA

More details about the property

Discover a unique opportunity just minutes from downtown with easy access to US-31. This split-style home sits on a large corner double lot and offers incredible flexibility and potential. The property features two separate front entrances, two living areas, and two full kitchens-ideal for multi-generational living, rental income, or a creative reconfiguration. One side offers 1 bedroom, while the other includes 2 bedrooms, giving multiple layout options for future use. Car enthusiasts, hobbyists, or those needing extra storage will appreciate the oversized 4-car attached garage plus an additional detached garage large enough for RV storage. This home is being sold as-is, but the space, layout, and lot size create a rare opportunity to customize or invest. With its convenient location and versatile design, this property is ready for its next chapter.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46072, Tipton, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,128 (100%)
Owner Occupied HU	3,001 (72.7%)
Renter Occupied HU	817 (19.8%)
Vacant Housing Units	310 ( 7.5%)
Median Home Value	$208,736
Average Home Value	$239,538