214 E Cherry St, Dale, IN, 47523 | $1,265/mo Cash Flow

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214 E Cherry St, Dale, IN, 47523 | $1,265/mo Cash Flow | Ziffy

Pending

Fix & Flip

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 Dale at 214 E Cherry St, Dale, IN, 47523 listed at $189,900 pairs $2,404/mo rent with a $929/mo payment to leave $1,265/mo cash flow. Total monthly income runs $2,404/mo, and annual cash flow reaches $15,174/yr on $62,952 cash to close. Return on cash invested measures 44.01% in year one, and rental yield registers 15.19% at a $189,900 basis. Equity gained on principal adds $1,225/yr, and annual property appreciation at 5% supports $52,466 by year five. Five-year ROI tracks 231.88% and total cumulative return in cash totals $145,973. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,404/mo property income relative to a $929/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1967

0.60 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome home! 214 E Cherry St in Dale is a wonderful brick ranch home and offers 4 bedrooms (including one in the finished basement), and 2.5 bathrooms across 2,107 sq ft on a spacious 0.6-acre lot. Features include a newly built sunroom, finished basement with wet bar and wood-burning stove, two-car attached garage, 16x12 shed, and plenty of built-ins for storage. All appliances are included. The level grassy lot provides room to enjoy the outdoors, while the location places you close to the elementary school, amenities, and Highway 231. This home is full of potential and would make a fantastic flip or remodel in a great neighborhood. Home is being sold as-is.