14797 N State Road 156, Patriot, IN, 47038 | $360/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

14797 N State Road 156, Patriot, IN, 47038 | $360/mo Cash Flow | Ziffy

For Sale

Listed for sale 2 days ago

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
2 Bath
1502 sft

512 Meade St, Carrollton, KY, 41008

3 Bed
3 Bath
1269 sft

595 Us Highway 42 W, Carrollton, KY, 41008

3 Bed
2 Bath
1120 sft

8430 Highway 47, Sanders, KY, 41083

2 Bed
2 Bath
1722 sft

9373 Hominy Ridge Rd, Florence, IN, 47020

Nearby investment properties with comparable prices

2 Bed
1 Bath
1040 sft

206 Grimes Ln, Carrollton, KY, 41008

4 Bed
2 Bath
1404 sft

18 Robert St, Carrollton, KY, 41008

3 Bed
2 Bath
1688 sft

282 Sparta Sanders Rd, Sanders, KY, 41083

3 Bed
2 Bath
1620 sft

1111 5th St, Carrollton, KY, 41008

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

Explore more listings using simple english

Investment Highlights

Rental property for sale in Patriot at 14797 N State Road 156, Patriot, IN, 47038 generates $1,560/mo in rent and, after a $978/mo payment, leaves $360/mo in cash flow. Total monthly income is $1,560/mo, and annual cash flow is $4,325/yr on $66,267 invested. Return on cash invested sits at 26.44% in year one, and rental yield is 9.36% on a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 137.64% and total cumulative return in cash sums $91,213. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,560/mo property income rather than buyer’s personal income.

Single Family

Built in 1996

4.75 Acres lot

$N/A/sqft

No HOA

More details about the property

Riverfront! This charming 3-bedroom, 2-bathroom home is perfectly situated on 4+ acres of scenic land along the beautiful Ohio River. Flooring recently updated. Appliances included along with a full basement! Offering both space and serenity, this property is the ideal mix of residential and recreation! Stunning Views of the Ohio River right from your front porch. Also, take advantage of the Common Area with Private Boat Ramp, included for all property owners! Convenient Location: Situated between Patriot and Rising Sun and less than an hour to Cincinatti, Louisville and Madison! Explore nearby state parks like Big Bone Lick State Park or Clifty Falls State Park. Visit local Caves such as Squire Boone Caverns for guided tours and unique subterranean experiences. Take part in Switzerland County's wine tours or visit the area's wineries and distilleries for tastings. Explore Museums, historic homes, and cultural landmarks showcasing the area's heritage. The Switzerland County Wine Festival & Belterra Casino Resort are local favorites! The Lawrenceburg Speedway is less than an hour away! Local Breweries: Enjoy craft beer tastings and live music at breweries around the region. Utilities include Water, electric and fiber available. New HVAC with 10 year warranty. Survey Provided: The seller ensures a hassle-free process by including a survey at closing. Flexible Purchase Options: Short-term owner financing is available, making it easier to secure your ideal property.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47038, Patriot, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	507 (100%)
Owner Occupied HU	371 (73.2%)
Renter Occupied HU	93 (18.3%)
Vacant Housing Units	43 ( 8.5%)
Median Home Value	$181,591
Average Home Value	$170,863