190 County Line Rd, Morgantown, IN, 46160 | 4.56% Rental Yield

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190 County Line Rd, Morgantown, IN, 46160 | 4.56% Rental Yield | 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 Morgantown at 190 County Line Rd, Morgantown, IN, 46160 generates $930/mo in rent, after a $1,199/mo payment. Total monthly income is $930/mo. Return on cash invested sits at 11.92% in year one, and rental yield is 4.56% on a $245,000 entry. Equity gained on principal adds $1,581/yr, while 5% annual appreciation builds toward $67,689 over five years. Five-year ROI reaches 59.8% and total cumulative return in cash sums $48,564. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $930/mo property income rather than buyer’s personal income.

Single Family

Built in 1959

0.38 Acres lot

$N/A/sqft

No HOA

More details about the property

Nestled at 190 County Line RD, MORGANTOWN, IN, this single-family residence in Morgan County presents an inviting home, ready for you to move in. Imagine relaxing in the living room beneath a beamed and vaulted ceiling, creating an atmosphere of spaciousness. The bedroom boasts crown molding and an ensuite bathroom, offering a private retreat. Step outside onto the deck or patio, perfect for enjoying the expansive 16640 square foot lot area. This home offers three bedrooms, one full bathroom, and one half bathroom, all within a little over 1500 square feet of living area. The open floor plan creates a sense of togetherness, while the laundry room adds convenience to daily tasks. The shed provides extra storage space. Built in 1959, this one-story home offers a blend of classic charm and modern comfort. This property presents an opportunity to embrace comfortable living in a charming setting.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46160, Morgantown, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,890 (100%)
Owner Occupied HU	2,204 (76.3%)
Renter Occupied HU	377 (13.0%)
Vacant Housing Units	309 (10.7%)
Median Home Value	$254,857
Average Home Value	$319,090