211 Basin St, Laurel, IN, 47024 | $188/mo Cash Flow

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211 Basin St, Laurel, IN, 47024 | $188/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 Laurel at 211 Basin St, Laurel, IN, 47024 offers a 9.05% rental yield on a $122,000 purchase with $920/mo rent. Total monthly income registers $920/mo, and a $597/mo payment leaves $188/mo available for distribution. Annual cash flow reaches $2,253/yr on $40,443 to close, and return on cash invested stands at 25.48% in year one. Equity gained on principal adds $787/yr while 5% annual appreciation supports $33,706 over five years. Portfolio math shows five-year ROI at 132.51% and total cumulative return in cash at $53,591. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $920/mo property income against a $597/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Manufactured

Built in 1995

0.30 Acres lot

$N/A/sqft

No HOA

More details about the property

Updated 3-Bedroom Home on Quiet Dead-End Street Franklin County, Indiana. This charming three-bedroom, one-bath, one-story home is nestled on a dead-end street in peaceful Franklin County, Indianajust one hour from both Indianapolis and Cincinnati. Featuring many recent updates and a fully fenced-in yard, this home is perfect for comfortable living with added privacy and outdoor space. Ideal as a personal residence or investment property, it can be purchased individually, as part of a smaller package, or included in a 24-property portfolio located throughout beautiful Franklin County. A rare opportunity in a quiet location with convenience and flexibility.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47024, Laurel, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,293 (100%)
Owner Occupied HU	965 (74.6%)
Renter Occupied HU	191 (14.8%)
Vacant Housing Units	137 (10.6%)
Median Home Value	$176,520
Average Home Value	$223,956