1311 S 3rd St, Boonville, IN, 47601 | $556/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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1311 S 3rd St, Boonville, IN, 47601 | $556/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

Investment property for sale in Boonville at 1311 S 3rd St, Boonville, IN, 47601 offers a 11.13% rental yield on a $169,900 purchase with $1,576/mo rent. Total monthly income registers $1,576/mo, and a $832/mo payment leaves $556/mo available for distribution. Annual cash flow reaches $6,668/yr on $56,322 to close, and return on cash invested stands at 31.75% in year one. Equity gained on principal adds $1,096/yr while 5% annual appreciation supports $46,940 over five years. Portfolio math shows five-year ROI at 166.08% and total cumulative return in cash at $93,542. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,576/mo property income against a $832/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1953

7,840 sqft lot

$N/A/sqft

No HOA

More details about the property

This charming 2-bedroom, 1-bath home offers the perfect mix of comfort, functionality, and outdoor space. Step inside to find a bright, inviting living area and a well-designed kitchen with plenty of counter and cabinet space, ideal for meal prep or gathering with friends and family. Outside, the property shines with its spacious, fenced-in backyarda wonderful space for relaxing, gardening, or letting pets play. The highlight is the detached two-car garage with a bathroom, providing plenty of room for parking, storage, or even a small workshop. Theres also a private driveway with additional parking for guests, adding to the convenience. Located in a peaceful Boonville neighborhood with low traffic, this home offers a sense of privacy while still being close to local shops, dining, and schools. Whether youre searching for your first home, a downsizing opportunity, or an investment with great potential, 1311 S. Third Street has the charm and space youve been looking for!

Neighborhood Data

Neighborhood data shown for ZIP Code: 47601, Boonville, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,063 (100%)
Owner Occupied HU	4,644 (76.6%)
Renter Occupied HU	1,004 (16.6%)
Vacant Housing Units	415 ( 6.8%)
Median Home Value	$231,570
Average Home Value	$282,098