205 New York St, Farmland, IN, 47340 | $60/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

205 New York St, Farmland, IN, 47340 | $60/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

4 Bed
3 Bath
1990 sft

403 N Main St, Farmland, IN, 47340

Currently Rented+ 2 more

4 Bed
2 Bath
1630 sft

1421-1423 S Perkins Ave, Muncie, IN, 47302

3 Bed
3 Bath
2300 sft

10726A W Windsor Rd, Farmland, IN, 47340

4 Bed
3 Bath
2800 sft

271 N County Road 1000 W, Farmland, IN, 47340

Nearby investment properties with comparable prices

3 Bed
1 Bath
868 sft

50 Grandview Ct, Hagerstown, IN, 47346

2 Bed
1 Bath
2512 sft

215 N 11th St, New Castle, IN, 47362

2 Bed
1 Bath
1000 sft

1610 Roosevelt Ave, New Castle, IN, 47362

2 Bed
1 Bath
1632 sft

8975 E State Road 38, New Castle, IN, 47362

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Farmland at 205 New York St, Farmland, IN, 47340 at $149,900 posts ROI 21.35% with $60/mo cash flow from $960/mo rent. Total monthly income equals $960/mo, and annual cash flow records $718/yr on $49,692 to close. Return on cash invested measures 21.35% and rental yield reads 7.69% at the current $149,900. Equity gained on principal adds $967/yr, and 5% annual appreciation supports $41,415 by year five. Five-year ROI prints 110.36% and total cumulative return in cash totals $54,839.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $960/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Single Family

Built in 2004

10,454 sqft lot

$N/A/sqft

No HOA

More details about the property

Come spend the holidays in your newly renovated home at 205 New York St in Farmland! Walk up to a new, spacious front deck shaded by mature trees. The living room has a coat closet and beautiful bay window to let in natural light. This kitchen was gutted down completely to the bare studs. It was rebuilt with brand new drywall, insulation, beams, and subfloor. It has new stainless steel appliances, a new garbage disposal, and the perfect pantry closet. The kitchen cabinets have new hardware, countertop, and a sink that overlooks the peaceful view of the countryside. The dining area would be perfect to add a coffee bar or could be used as an office space. The laundry room is a complete new build to this house that has a washer/dryer hookup, new water heater and a new easy access main water shut off. Both the hallway and primary bathroom were gutted down to the studs and now are fresh and modern 4 piece bathrooms. The primary bedroom has a large walk-in closet, waiting for your personal touch to fit your storage needs. The garage has new insulation, garage door, OSB board, and a fire door. In the last 7 months, this house has underwent major updates such as all new flooring, trim, PEX waterlines, PVC drainage, sewage cleanout, heat pump, electric furnace, ductwork, blow in insulation in the attic, sump pump, sump pump alarm, vapor barrier, hardwired smoke detectors, light fixtures, outlets, electric panel breakers, and ROMEX ground wiring. There's nothing left to do besides move in!

Neighborhood Data

Neighborhood data shown for ZIP Code: 47340, Farmland, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,244 (100%)
Owner Occupied HU	912 (73.3%)
Renter Occupied HU	228 (18.3%)
Vacant Housing Units	104 ( 8.4%)
Median Home Value	$156,322
Average Home Value	$188,931