1510 E 700 S, Lynn, IN, 47355 | $333/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1510 E 700 S, Lynn, IN, 47355 | $333/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

Rental property for sale in Lynn at 1510 E 700 S, Lynn, IN, 47355 generates $1,084/mo in rent and, after a $612/mo payment, leaves $333/mo in cash flow. Total monthly income is $1,084/mo, and annual cash flow is $4,002/yr on $41,438 invested. Return on cash invested sits at 29.57% in year one, and rental yield is 10.41% on a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 154.45% and total cumulative return in cash sums $64,001. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,084/mo property income rather than buyer’s personal income.

Single Family

Built in 1890

0.75 Acres lot

$N/A/sqft

No HOA

More details about the property

Spacious 4-bedroom country home offering peaceful surroundings with quick access to the highway. The home features a large attached garage with plenty of storage and a first-floor bedroom with an oversized half bath. Inside, youll find abundant storage throughout, as well as a full basement that includes a unique built-in food storage area, a living space with a fireplace, and a walk-out design. Part of the basement could also be converted back into a garage if desired. Outside, the asphalt driveway leads to a back pole building that is ideal for working on vehicles, complete with a large shop area, oversized overhead door, sliding hoist, and pit for getting under vehicles, along with additional space to store a large trailer, camper, or equipment. This property blends functionality and serenity

Neighborhood Data

Neighborhood data shown for ZIP Code: 47355, Lynn, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,185 (100%)
Owner Occupied HU	822 (69.4%)
Renter Occupied HU	268 (22.6%)
Vacant Housing Units	95 ( 8.0%)
Median Home Value	$116,398
Average Home Value	$155,657