1399 W Homestead Dr, Boonville, IN, 47601 | $312/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1399 W Homestead Dr, Boonville, IN, 47601 | $312/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 1399 W Homestead Dr, Boonville, IN, 47601 uses $82,842 cash to close to unlock $3,744/yr annual cash flow and $312/mo monthly cash flow. Total monthly income runs $1,812/mo, and a $1,223/mo payment keeps the spread at $312/mo. Purchase price stands at $249,900, and rental yield measures 8.7% with $1,812/mo rent. Return on cash invested shows 24.43% in year one, and 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 126.88% and total cumulative return in cash records $105,110. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,812/mo property income covering a $1,223/mo payment rather than investor’s personal income.

Single Family

Built in 1974

1 Acres lot

$N/A/sqft

No HOA

More details about the property

Experience country living while being only minutes from town, and still in a neighborhood setting. Situated on approximately an acre of ground, this 3 bedroom 1.5 bathroom home offers the perfect place for your own suburban homestead. Inside you will be greeted by a large living room that is open to the kitchen, making it a great place to entertain friends and family. The additional family room has half bath, and rear door that opens into the expansive backyard. There you will find a one car garage with chicken coop/run built behind w/ solar powered camera & automatic coop door. Beyond it is the 3 bay barn with upper level that is perfect for office space or rec room. Could be finished as additional living space as well. Has large lean to on rear of building too. With plenty of space for gardens, animal pens, and storage, this rare find checks a lot of boxes!

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