211 W Locust St #2, Fort Branch, IN, 47648 | 6.3% Rental Yield

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211 W Locust St #2, Fort Branch, IN, 47648 | 6.3% Rental Yield | 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

Rental property for sale in Fort Branch at 211 W Locust St #2, Fort Branch, IN, 47648 generates $834/mo in rent, after a $777/mo payment. Total monthly income is $834/mo. Return on cash invested sits at 17.2% in year one, and rental yield is 6.3% on a $158,800 entry. Equity gained on principal adds $1,025/yr, while 5% annual appreciation builds toward $43,874 over five years. Five-year ROI reaches 88.03% and total cumulative return in cash sums $46,341. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $834/mo property income rather than buyer’s personal income.

Condo

Built in 2020

N/A lot

$N/A/sqft

No HOA

More details about the property

NEW PRICE! This one Owner 2 bedroom, 2 bath condo has so much to offer and is move in ready. At approx. 1,100 sq ft this condo with its open floor plan is perfect for those who prefer a newer home without the high price. The kitchen comes fully applianced with refrigerator, dishwasher (rarely used), electric range/oven & microwave. This wonderful home also offers: a washer, dryer and water softener included in the purchase. The 2 bedrooms are nicely sized & the Main Bedroom with full bath offering a walk-in shower. The 2nd bedroom is currently used as a craft room with both bedrooms having nicely sized closets. The 2nd bathroom offers a tub/shower combination The one car garage and large driveway provide good parking space. So much to offer! Just a short walk to restaurants, brewing company and ice cream shop!

Neighborhood Data

Neighborhood data shown for ZIP Code: 47648, Fort Branch, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,975 (100%)
Owner Occupied HU	1,350 (68.4%)
Renter Occupied HU	444 (22.5%)
Vacant Housing Units	181 ( 9.2%)
Median Home Value	$212,264
Average Home Value	$245,778