12364 Carpenter St, Clinton, IN, 47842 | 5.92% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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12364 Carpenter St, Clinton, IN, 47842 | 5.92% Rental Yield | 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 Clinton at 12364 Carpenter St, Clinton, IN, 47842 listed at $206,900 pairs $1,020/mo rent with a $1,013/mo payment. Total monthly income runs $1,020/mo. Return on cash invested measures 16.02% in year one, and rental yield registers 5.92% at a $206,900 basis. Equity gained on principal adds $1,335/yr, and annual property appreciation at 5% supports $57,163 by year five. Five-year ROI tracks 81.76% and total cumulative return in cash totals $56,078. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,020/mo property income relative to a $1,013/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1918

0.58 Acres lot

$N/A/sqft

No HOA

More details about the property

Here's a great opportunity to live in the country. Located in quiet St Bernice just 10 minutes to Clinton. This 2-story home has tons of space. Extensive updating done within the past decade. The living room and kitchen especially are larger than normal, a cook's delight. The upstairs is ideal for children and young teens with a large common area for activities.. Sitting on 3 deep lots with a large open and covered deck to enjoy afternoons/evenings on the back yard. A huge garage 24 x 48 and office/salon attached to the rear. There is plumbing to the salon but not hooked up. The garage is finished and insulated and includes a big work bench. Attached to the garage is a a 12 x 48 carport

Neighborhood Data

Neighborhood data shown for ZIP Code: 47842, Clinton, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,693 (100%)
Owner Occupied HU	3,055 (65.1%)
Renter Occupied HU	1,185 (25.3%)
Vacant Housing Units	453 ( 9.7%)
Median Home Value	$118,074
Average Home Value	$145,853