1555 Maple Grove Rd, Boonville, IN, 47601 | $438/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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1555 Maple Grove Rd, Boonville, IN, 47601 | $438/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 1555 Maple Grove Rd, Boonville, IN, 47601 earns $438/mo cash flow from $2,328/mo rent with a $1,541/mo payment. Total monthly income totals $2,328/mo, and annual cash flow totals $5,256/yr on $104,389 capital. ROI tracks 24.94% on current figures, and rental yield reads 8.87% at a $314,900 purchase. Equity gained on principal adds $2,032/yr, and 5% annual appreciation supports $87,001 over five years. Five-year ROI reaches 129.57% and total cumulative return in cash sums $135,262. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,328/mo property income instead of your personal income.

Single Family

Built in 2018

4.14 Acres lot

$N/A/sqft

No HOA

More details about the property

2018 manufactured home on crawl space foundation. The Farmhouse plan sits on 4.14 acres. Covered front and rear decks with trex decking. 30x40 garage with spray foam insulation and electric. 22x30 carport. Large koi pond. 3 good size bedrooms all with walk in closets. The master bathroom has separate soaking tub, dual sinks and large ceramic tile shower. Two bedrooms and full bath are separate from the master for more privacy. Large kitchen with island and separate dining room all in an open concept living arrangement. Separate laundry room with back door access to the rear covered deck and view of acreage. New architectural shingles roof was installed in 2023. Utilities are underground and gas has been run to house if buyer wants to install fas furnace in future.

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