21235 Bluecast RdWoodburnIN46797
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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 Woodburn at 21235 Bluecast Rd, Woodburn, IN, 46797 earns $347/mo cash flow from $1,547/mo rent with a $978/mo payment. Total monthly income totals $1,547/mo, and annual cash flow totals $4,169/yr on $66,267 capital. ROI tracks 26.2% on current figures, and rental yield reads 9.29% at a $199,900 purchase. Equity gained on principal adds $1,290/yr, and 5% annual appreciation supports $55,229 over five years. Five-year ROI reaches 136.36% and total cumulative return in cash sums $90,361. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,547/mo property income instead of your personal income.
Single Family
Built in 1952
0.57 Acres lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 46797, Woodburn, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,519 (100%) |
| Owner Occupied HU | 1,218 (80.2%) |
| Renter Occupied HU | 222 (14.6%) |
| Vacant Housing Units | 79 ( 5.2%) |
| Median Home Value | $276,336 |
| Average Home Value | $325,562 |
Housing Distribution
Address Breakdown
Residential
1,327
Single Family
1,295
Multi-Family
32
Businesses
78
Price History
Date | Event | Price |
|---|---|---|
| 2025-04-18 | Listed for sale | $199,900 |
| 2014-08-28 | Sold | $89,000 |
| 2014-07-12 | Pending sale | $92,500 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-21 | $928.60 | -12.02% | $186,000 | 22.13% |
| 2023-04-21 | $1055.46 | 31.94% | $152,300 | -3.85% |
| 2022-04-21 | $799.96 | 35.98% | $158,400 | 30.05% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1952
- Architectural Style: Ranch
- Building Area: 1,252
- Living Area: 1,252 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Propane, Forced Air, Propane Tank Rented
- Cooling: Central Air, Ceiling Fan(s)
- Flooring: Carpet, Laminate
- Interior Features: Ceiling Fan(s)
- Exterior Features: Workshop
- Parking Features: Attached, Garage Door Opener, Concrete, Gravel
Location
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Septic Tank
- Water Source: Well
- Road Surface Type: Paved
School Information
- Elementary School: Woodlan
- Middle School: Woodlan
- High School: Woodlan
Listed by: Robert Harris • RE/MAX Results
Mls Name: IRMLS
Mls Provider:
Mls ID: #202513434
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.