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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Berne at 1260 Carrington Way, Berne, IN, 46711 generates $1,936/mo in rent, after a $1,556/mo payment. Total monthly income is $1,936/mo. Return on cash invested sits at 18.91% in year one, and rental yield is 7.31% on a $318,000 entry. Equity gained on principal adds $2,052/yr, while 5% annual appreciation builds toward $87,858 over five years. Five-year ROI reaches 97.75% and total cumulative return in cash sums $103,043. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,936/mo property income rather than buyer’s personal income.
Condo
Built in 2013
N/A lot
$N/A/sqft
$115 monthly HOA
Neighborhood data shown for ZIP Code: 46711, Berne, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,889 (100%) |
| Owner Occupied HU | 2,069 (71.6%) |
| Renter Occupied HU | 652 (22.6%) |
| Vacant Housing Units | 168 ( 5.8%) |
| Median Home Value | $220,263 |
| Average Home Value | $290,043 |
Residential
2,870
Single Family
2,566
Multi-Family
304
Businesses
239
Date | Event | Price |
|---|---|---|
| 2025-06-12 | Listed for sale | $318,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-13 | $1778.00 | 6.09% | $187,800 | 5.62% |
| 2023-06-13 | $1676.00 | 6.82% | $177,800 | 6.09% |
| 2022-06-13 | $1569.00 | -0.88% | $167,600 | 6.82% |
What's Special
Pull Down Stairs,Storage
Listed by: Robert Green • C21 Advance Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202522383
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
