1915 N 950th Rd W, Parker City, IN, 47368 | 3.6% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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1915 N 950th Rd W, Parker City, IN, 47368 | 3.6% 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

Total monthly income runs $930/mo, and a $1,517/mo payment. Purchase price stands at $309,900, and rental yield measures 3.6% with $930/mo rent. Return on cash invested shows 9.04% in year one, and 5% annual appreciation builds toward $85,620 over five years. Five-year ROI reaches 44.33% and total cumulative return in cash records $45,540. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $930/mo property income covering a $1,517/mo payment rather than investor’s personal income.

Single Family

Built in 1986

0.71 Acres lot

$N/A/sqft

No HOA

More details about the property

Nice, well-maintained 4 bedroom, 3 full bathroom home situated on of an acre with a spacious 2.5 car attached garage. Inside, youll find numerous updates including quartz countertops in the kitchen, new flooring throughout, and an updated laundry room. Both the owners suite bathroom and the main bathroom have been refreshed, and the home also features a large owner suite plus a secondary bedroom suiteideal for a variety of living arrangements. Additional improvements include a newly stained deck, a brand-new front door, fresh paint, gas connection to the home, and a 96% efficient furnace and central A/C installed in September 2024. A new fence was added in 2025, and the washer and dryer are negotiable. Outdoors, the deck and spacious yard create a great setting for relaxation or entertaining. Conveniently located just mile from Monroe Central Schools.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47368, Parker City, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,166 (100%)
Owner Occupied HU	853 (73.2%)
Renter Occupied HU	203 (17.4%)
Vacant Housing Units	110 ( 9.4%)
Median Home Value	$157,992
Average Home Value	$187,752