214 E Columbia St, Flora, IN, 46929 | 5.6% Rental Yield

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214 E Columbia St, Flora, IN, 46929 | 5.6% 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

Investment property for sale in Flora at 214 E Columbia St, Flora, IN, 46929 earns from $1,027/mo rent with a $1,077/mo payment. Total monthly income totals $1,027/mo. ROI tracks 15.07% on current figures, and rental yield reads 5.6% at a $220,000 purchase. Equity gained on principal adds $1,420/yr, and 5% annual appreciation supports $60,782 over five years. Five-year ROI reaches 76.74% and total cumulative return in cash sums $55,967. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,027/mo property income instead of your personal income.

Single Family

Built in 1900

0.33 Acres lot

$N/A/sqft

No HOA

More details about the property

Built in the early 1900s, this Folk Victorianstyle home offers 2,047 square feet with 4 bedrooms and 2 full baths. The main-floor primary suite provides convenient single-level living, and a den/office with French doors adds flexibility. The kitchen features updated cabinets, solid-surface counters, and stainless-steel appliances. A large laundry/mud room sits just inside the back entrance. The .33-acre lot includes an additional .13-acre rear section behind the neighboring property for extra yard space. Outdoor features include a full-width wraparound front porch, backyard deck, 812 shed, and a spacious parking pad with room for multiple vehicles. The home is equipped with a dual-fuel HVAC system.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46929, Flora, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,414 (100%)
Owner Occupied HU	1,005 (71.1%)
Renter Occupied HU	315 (22.3%)
Vacant Housing Units	94 ( 6.6%)
Median Home Value	$183,468
Average Home Value	$226,652