181 W 550 S, Columbus, IN, 47203 | $292/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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181 W 550 S, Columbus, IN, 47203 | $292/mo Cash Flow | Ziffy

For Sale

Currently Rented

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 Columbus at 181 W 550 S, Columbus, IN, 47203 earns $292/mo cash flow from $1,431/mo rent with a $929/mo payment. Total monthly income totals $1,431/mo, and annual cash flow totals $3,498/yr on $62,952 capital. ROI tracks 25.47% on current figures, and rental yield reads 9.04% at a $189,900 purchase. Equity gained on principal adds $1,225/yr, and 5% annual appreciation supports $52,466 over five years. Five-year ROI reaches 132.43% and total cumulative return in cash sums $83,369. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,431/mo property income instead of your personal income.

Single Family

Built in 1960

0.53 Acres lot

$N/A/sqft

No HOA

More details about the property

Well-maintained 3 bedroom, 1.5 bath home with a 2-car detached garage and a nice section of woods with trails and a small clearing with a firepit. Located in a quiet country neighborhood less than 15 minutes from Columbus and convenient to Walesboro and Seymour, this house has a brand new central air unit and the roof is less than 5 years old. The garage has a concrete floor, electric, storage shelves and cabinets, and an overhead door with a remote opener. A dishwasher, gas stove, refrigerator, washer & dryer all remain with the home. The sellers are willing to work with the buyers on options like refinishing the home's hardwood floors in the living room and bedrooms, updating the half bath off the primary bedroom, and improving the closet space in two of the bedrooms. This is an affordable opportunity to enjoy your own country property with woods, a big garage, and the opportunity to help plan some additional updates. REMC electric; Eastern Bartholomew water; the propane tank is leased from Premier Ag; the septic is located 10-15' out from the center of the back of the home. Septic tank and finger system were installed by Eckelman's in 2001. Tank was pumped in 2023 by Planck's Septic Service. The sellers will extend the existing deck to create a large, wrap-around deck to the back of the home. Enjoy evenings by the firepit in your own woods.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47203, Columbus, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	11,651 (100%)
Owner Occupied HU	8,468 (72.7%)
Renter Occupied HU	2,677 (23.0%)
Vacant Housing Units	506 ( 4.3%)
Median Home Value	$262,044
Average Home Value	$289,294