124 W Columbia St, Flora, IN, 46929 | $846/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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124 W Columbia St, Flora, IN, 46929 | $846/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

Rental property for sale in Flora at 124 W Columbia St, Flora, IN, 46929 priced at $268,900 converts $2,460/mo rent into $846/mo cash flow after a $1,316/mo obligation. Total monthly income equals $2,460/mo, and annual cash flow totals $10,152/yr on $89,140 invested. Return on cash invested prints 31.3% in year one, and rental yield reads 10.98% against a $268,900 entry. Equity gained on principal adds $1,735/yr, while 5% annual appreciation compiles into $74,292 by year five. Five-year ROI reaches 163.65% and total cumulative return in cash sums $145,876. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,460/mo property income covering a $1,316/mo payment, not borrower’s personal income.

Single Family

Built in 1900

6,969 sqft lot

$N/A/sqft

No HOA

More details about the property

Beautiful and move in condition home in Flora. Three bedrooms and three full baths. Updated fully appliance eat in kitchen with lots of cabinets plus dining room, and great room on main floor along with the utility room. Updated furnace and central air. Some windows have been updated along with flooring, walk in shower, along with drive way in 2024. Upstairs is an office, full bath and an extra large bedroom. Located on a corner lot with an attached two car garage. All this with a large covered porch to relax in the evenings. This home shows much tender loving care and pride of ownership.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46929, Flora, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,414 (100%)
Owner Occupied HU	1,005 (71.1%)
Renter Occupied HU	315 (22.3%)
Vacant Housing Units	94 ( 6.6%)
Median Home Value	$183,468
Average Home Value	$226,652