208 N Ecker AveBourbonIN46504
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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
Investment Highlights
Investment property for sale in Bourbon at 208 N Ecker Ave, Bourbon, IN, 46504 offers a 10.08% rental yield on a $245,000 purchase with $2,059/mo rent. Total monthly income registers $2,059/mo, and a $1,199/mo payment leaves $586/mo available for distribution. Annual cash flow reaches $7,035/yr on $81,218 to close, and return on cash invested stands at 28.57% in year one. Equity gained on principal adds $1,581/yr while 5% annual appreciation supports $67,689 over five years. Portfolio math shows five-year ROI at 149.11% and total cumulative return in cash at $121,104. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,059/mo property income against a $1,199/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2020
8,712 sqft lot
$N/A/sqft
No HOA
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Listed by: Berto Barrera • RE/MAX Results- Warsaw
Mls Name: IRMLS
Mls Provider:
Mls ID: #202512856
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.