208 Elm St, Madison, IN, 47250 | 4.87% Rental Yield

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

208 Elm St, Madison, IN, 47250 | 4.87% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

4 Bed
3 Bath
2280 sft

2533 N Keystone Drive, Scottsburg, IN, 47170

3 Bed
3 Bath
2520 sft

1700 S Rogers Rd, Lexington, IN, 47138

3 Bed
1 Bath
1080 sft

2080 Edgewood Drive, Charlestown, IN, 47111

4 Bed
2 Bath
1568 sft

2102 Vest Road, New Washington, IN, 47162

Nearby investment properties with comparable prices

4 Bed
3 Bath
2557 sft

8465 Aberdeen Lane, Charlestown, IN, 47111

3 Bed
2 Bath
1620 sft

17772 Clapp Road, Otisco, IN, 47163

4 Bed
3 Bath
3610 sft

1104 Seatick Road, Otisco, IN, 47163

5 Bed
3 Bath
3432 sft

5392 S Bonsett Dr, Lexington, IN, 47138

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 Madison at 208 Elm St, Madison, IN, 47250 at $425,000 posts ROI 12.86% with from $1,724/mo rent. Total monthly income equals $1,724/mo. Return on cash invested measures 12.86% and rental yield reads 4.87% at the current $425,000. Equity gained on principal adds $2,742/yr, and 5% annual appreciation supports $117,420 by year five. Five-year ROI prints 64.8% and total cumulative return in cash totals $91,301. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,724/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Multi Family

Built in 1870

8,712 sqft lot

$N/A/sqft

No HOA

More details about the property

This unbelievable home in historic downtown Madison has never been on the market in over 70 Years! It is a remarkable building on the corner of Elm and First St in the prime location next door to the Historic Lanier Home! Listed in the historical books as a Greek Revival/Italianate built in 1870 it appears it's original address was 418 W First St. It was a single family residence for nearly 120 years. Much of the original doors, woodwork, staircases are still in place. Currently this home is a tri-plex with the front unit being approximately 1800 sq ft ,and the other 2 units in the rear approximately 1000 sq ft. The front unit is a 2-3 bedroom, 1.5 bath, 2 story unit and the others are 1 bedroom, 1 bath. All 3 units have their own laundry rooms, HVAC, Water heaters and electric meters. There is a small yard in the rear with a small garage/storage area. The exterior of the home has been renovated in the last couple years. Perfect for an investor or home owner wanting some passive income. Come visit downtown Madison to one of the great festivals, enjoy the river views and Best Main Street in the USA and schedule a showing today!

Neighborhood Data

Neighborhood data shown for ZIP Code: 47250, Madison, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	10,256 (100%)
Owner Occupied HU	6,609 (64.4%)
Renter Occupied HU	2,671 (26.0%)
Vacant Housing Units	976 ( 9.5%)
Median Home Value	$232,661
Average Home Value	$249,506