206 W Marion St, Mount Ayr, IN, 47964 | 3.9% Rental Yield

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

206 W Marion St, Mount Ayr, IN, 47964 | 3.9% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
2 Bath
1222 sft

605 E Washington St, Morocco, IN, 47963

3 Bed
2 Bath
1568 sft

308 E Ray St, Kentland, IN, 47951

Motivated Seller+ 1 more

4 Bed
2 Bath
1656 sft

140 E Walnut St, Sheldon, IL, 60966

4 Bed
2 Bath
1980 sft

208 W 6th St, Earl Park, IN, 47942

Nearby investment properties with comparable prices

3 Bed
3 Bath
2136 sft

2690 N 2500 East Rd, Donovan, IL, 60931

3 Bed
3 Bath
2843 sft

9088 S 335 E, Brook, IN, 47922

3 Bed
3 Bath
2082 sft

4831 N 400 W, Earl Park, IN, 47942

- Bed
- Bath
- sft

3053 E 1900 North Rd, Sheldon, IL, 60966

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

Rental property for sale in Mount Ayr at 206 W Marion St, Mount Ayr, IN, 47964 priced at $399,900 converts $1,300/mo rent into after a $1,957/mo obligation. Total monthly income equals $1,300/mo. Return on cash invested prints 9.95% in year one, and rental yield reads 3.9% against a $399,900 entry. Equity gained on principal adds $2,580/yr, while 5% annual appreciation compiles into $110,485 by year five. Five-year ROI reaches 49.2% and total cumulative return in cash sums $65,216. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,300/mo property income covering a $1,957/mo payment, not borrower’s personal income.

Single Family

Built in 2019

1.10 Acres lot

$N/A/sqft

No HOA

More details about the property

Impressive two-story home offering over 2,800 SF of living space, just over 1 acre, perfectly situated in the charming town of Mount Ayr. Better than new construction, this property greets you with historic-style streetlights and a welcoming covered front porch. Inside, you'll find generously sized rooms throughout, including a chef's kitchen complete with all appliances included: industrial gas range, beverage cooler, etc. The kitchen flows seamlessly into the dining area and sunroom, overlooking the beautifully landscaped backyard. The spacious living room features a cozy gas/wood-burning fireplace and an adjacent 3/4 bathroom, ideal for related living potential. Upstairs, you'll appreciate three large bedrooms with ample closet space and a full bathroom nearby. Outdoor living shines with a large patio, gazebo, deck space, and a storage shed, all set within a generous backyard. Mount Ayr offers the small-town lifestyle with modern conveniences--community events, available fiberoptic internet, and free garbage pickup--all adding to the appeal of this one-of-a-kind property.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47964, Mount Ayr, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	54 (100%)
Owner Occupied HU	37 (68.5%)
Renter Occupied HU	7 (13.0%)
Vacant Housing Units	10 (18.5%)
Median Home Value	$187,500
Average Home Value	$208,784