207 W Race St, Odon, IN, 47562 | $599/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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207 W Race St, Odon, IN, 47562 | $599/mo Cash Flow | 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

Investment property for sale in Odon at 207 W Race St, Odon, IN, 47562 uses $70,278 cash to close to unlock $7,188/yr annual cash flow and $599/mo monthly cash flow. Total monthly income runs $1,872/mo, and a $1,038/mo payment keeps the spread at $599/mo. Purchase price stands at $212,000, and rental yield measures 10.6% with $1,872/mo rent. Return on cash invested shows 30.14% in year one, and 5% annual appreciation builds toward $58,572 over five years. Five-year ROI reaches 157.53% and total cumulative return in cash records $110,707. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,872/mo property income covering a $1,038/mo payment rather than investor’s personal income.

Single Family

Built in 1900

0.32 Acres lot

$N/A/sqft

No HOA

More details about the property

Corner lot in Odon with 3 bedrooms, 2 baths, with updated kitchen and partial basement. Extras include a playroom for the kids or game room for video gamers. Fended in back yard with utility shed and lean to. Move in ready.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47562, Odon, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,799 (100%)
Owner Occupied HU	1,335 (74.2%)
Renter Occupied HU	354 (19.7%)
Vacant Housing Units	110 ( 6.1%)
Median Home Value	$238,010
Average Home Value	$260,268