1323 Locust Pl, Thorntown, IN, 46071 | $279/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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1323 Locust Pl, Thorntown, IN, 46071 | $279/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 Thorntown at 1323 Locust Pl, Thorntown, IN, 46071 uses $97,793 cash to close to unlock $3,348/yr annual cash flow and $279/mo monthly cash flow. Total monthly income runs $2,050/mo, and a $1,444/mo payment keeps the spread at $279/mo. Purchase price stands at $295,000, and rental yield measures 8.34% with $2,050/mo rent. Return on cash invested shows 23.33% in year one, and 5% annual appreciation builds toward $81,503 over five years. Five-year ROI reaches 121.01% and total cumulative return in cash records $118,334. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,050/mo property income covering a $1,444/mo payment rather than investor’s personal income.

Single Family

Built in 1964

0.44 Acres lot

$N/A/sqft

No HOA

More details about the property

The one you have been waiting for! This one has it all. All brick ranch with over 2000 square feet of living space, an oversized attached 2 car garage, on a cul-de-sac, with an in-ground pool! This sprawling ranch offers a perfect mix of classic character and modern updates. Upon entry you'll find a large formal living room with a wood burning fireplace. 3 bedrooms down the hall to left, including an enormous primary bedroom, as well as a completely remodeled hall bath with a huge soaker tub and a tile surround, double sinks and ceramic tile floors. The completely renovated kitchen (2019) features custom cabinetry, granite countertops, stainless steel appliances, a tile backsplash, breakfast bar and an extra buffet, opening beautifully to the dining area and a huge great room. The home features gorgeous built-ins, wood beams & wood trim, as well as gleaming hardwood flooring throughout. The living room leads to a sunken tile sitting room, which opens to the outdoor concrete patio and in-ground pool, and an adjacent fire-pit area! The entire concrete deck was redone in 2020. Outside you'll enjoy a huge lot, just under half an acre, and plenty of fruit trees, including pear, plum, and cherry trees, as well as strawberry patches and a garden. Other updates to the home include new electrical, water softener, water heater, siding, flashing and soffit. This home is located in the quaint town of Thorntown, just a 40 minute drive to Indianapolis, as well as to Lafayette. Quiet, mature neighborhood. See this one today!