1346 E State Road 42, Center Pt, IN, 47840 | $481/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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1346 E State Road 42, Center Pt, IN, 47840 | $481/mo Cash Flow | Ziffy

For Sale

Listed for sale 2 days ago

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 Center Pt at 1346 E State Road 42, Center Pt, IN, 47840 earns $481/mo cash flow from $1,676/mo rent with a $974/mo payment. Total monthly income totals $1,676/mo, and annual cash flow totals $5,777/yr on $65,969 capital. ROI tracks 28.67% on current figures, and rental yield reads 10.11% at a $199,000 purchase. Equity gained on principal adds $1,284/yr, and 5% annual appreciation supports $54,980 over five years. Five-year ROI reaches 149.59% and total cumulative return in cash sums $98,682. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,676/mo property income instead of your personal income.

Single Family

Built in 2002

7.16 Acres lot

$N/A/sqft

No HOA

More details about the property

The possibilities are endless with this unique property. Although it may look like a normal pole barn on the outside, the inside will be sure to surprise you! Inside, you will find a very nice 2 bedroom, 1 bath 1200 sq. ft. house on a foundation attached to a 40 x 50 shop area with concrete floor. So, with this property, you have both a house and work/storage area under one roof. All of this sits on 7.16 acres and has its own well and septic in place. There is also plenty of room to build on to the existing building or build a new home on the extra land. Who knowsthis may just be the perfect place for you!

Neighborhood Data

Neighborhood data shown for ZIP Code: 47840, Centerpoint, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	662 (100%)
Owner Occupied HU	504 (76.1%)
Renter Occupied HU	92 (13.9%)
Vacant Housing Units	66 ( 10.0%)
Median Home Value	$199,219
Average Home Value	$255,640