1514 Main St, Beech Grove, IN, 46107 | $390/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1514 Main St, Beech Grove, IN, 46107 | $390/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 Beech Grove at 1514 Main St, Beech Grove, IN, 46107 uses $61,328 cash to close to unlock $4,680/yr annual cash flow and $390/mo monthly cash flow. Total monthly income runs $1,500/mo, and a $905/mo payment keeps the spread at $390/mo. Purchase price stands at $185,000, and rental yield measures 9.73% with $1,500/mo rent. Return on cash invested shows 27.54% in year one, and 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 143.49% and total cumulative return in cash records $87,999. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,500/mo property income covering a $905/mo payment rather than investor’s personal income.

Single Family

Built in 1941

5,662 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome home to this delightful 2-bedroom, 1-bath bungalow perfectly situated in the heart of Beech Grove. From the moment you arrive, you'll be captivated by the inviting glass-enclosed front porch-a perfect spot to enjoy your morning coffee or unwind in the evening. Step inside to a cozy living room with a beautiful fireplace, ideal for relaxing or entertaining guests. The updated kitchen features stainless steel appliances, modern cabinetry, and counter tops. Downstairs, you'll find a full unfinished basement, offering endless possibilities for storage, a workshop, or future living space. Outside, enjoy a fully fenced backyard-perfect for pets or outdoor activities-and an oversized detached garage with ample room for parking and hobbies. Conveniently located near shops, restaurants, parks, and schools, this home combines classic charm with modern updates in one of Beech Grove's most desirable areas. Just a short walk to the park and public library. Don't miss your chance to make this gem your new home!

Neighborhood Data

Neighborhood data shown for ZIP Code: 46107, Beech Grove, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,159 (100%)
Owner Occupied HU	3,514 (57.1%)
Renter Occupied HU	2,355 (38.2%)
Vacant Housing Units	290 ( 4.7%)
Median Home Value	$203,816
Average Home Value	$235,733