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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Berne at 1516 Lakeview Trl, Berne, IN, 46711 listed at $400,000 pairs $2,887/mo rent with a $1,958/mo payment to leave $486/mo cash flow. Total monthly income runs $2,887/mo, and annual cash flow reaches $5,828/yr on $132,600 cash to close. Return on cash invested measures 24.3% in year one, and rental yield registers 8.66% at a $400,000 basis. Equity gained on principal adds $2,581/yr, and annual property appreciation at 5% supports $110,513 by year five. Five-year ROI tracks 126.17% and total cumulative return in cash totals $167,308. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,887/mo property income relative to a $1,958/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1978
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46711, Berne, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,889 (100%) |
| Owner Occupied HU | 2,069 (71.6%) |
| Renter Occupied HU | 652 (22.6%) |
| Vacant Housing Units | 168 ( 5.8%) |
| Median Home Value | $220,263 |
| Average Home Value | $290,043 |
Residential
2,870
Single Family
2,566
Multi-Family
304
Businesses
239
Date | Event | Price |
|---|---|---|
| 2025-09-12 | Sold | $400,000 |
| 2025-08-14 | Pending sale | $390,000 |
| 2025-08-13 | Listed for sale | $390,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-16 | $2207.00 | 11.13% | $231,700 | 5.27% |
| 2023-10-16 | $1986.00 | 6.55% | $220,100 | 10.66% |
| 2022-10-16 | $1864.00 | 2.76% | $198,900 | 6.53% |
What's Special
Pull Down Stairs
Listed by: Holly Lofton • Miz Lehman REALTORS-Auctioneer
Mls Name: IRMLS
Mls Provider:
Mls ID: #202532133
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
