219 E Elm St, Eaton, IN, 47338 | 3.77% Rental Yield

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

219 E Elm St, Eaton, IN, 47338 | 3.77% Rental Yield | Ziffy

Off market

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
2 Bath
1984 sft

17255 N State Route 3 Rd, Eaton, IN, 47338

3 Bed
3 Bath
1984 sft

17255 N State Route 3, Eaton, IN, 47338

Nearby investment properties with comparable prices

2 Bed
2 Bath
1357 sft

5007 W Quail Ridge Dr, Muncie, IN, 47304

4 Bed
2 Bath
1700 sft

3505 N Oakwood Ave, Muncie, IN, 47304

3 Bed
2 Bath
2285 sft

608 W Elm St, Gaston, IN, 47342

3 Bed
1 Bath
1540 sft

3104 W Amherst Rd, Muncie, IN, 47304

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Eaton at 219 E Elm St, Eaton, IN, 47338 at $191,200 posts ROI 9.54% with from $600/mo rent. Total monthly income equals $600/mo. Return on cash invested measures 9.54% and rental yield reads 3.77% at the current $191,200. Equity gained on principal adds $1,234/yr, and 5% annual appreciation supports $52,825 by year five. Five-year ROI prints 47.06% and total cumulative return in cash totals $29,825. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $600/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Single Family

Built in 1972

0.30 Acres lot

$N/A/sqft

No HOA

More details about the property

You are going to love the space of this one-story all-brick home in Eaton. The home features 2,477 SF of living space, 3-4 large bedrooms, 1 full bath and 2 half baths, and there's an enormous den or recreation space that could be a mother-in-laws quarters if you added closets and a full bath (note: utilities are just behind the wall to the garage). This home was the old parsonage to the neighboring church. This is also why this office, which has it's own entrance, is so large. This was formerly used as the administrative office to the church. The 2-car attached garage also has a great bump-out space for storage. The home just had a brand-new roof put on (and all new sheeting boards), the sewer line is new, the crawl space is now cleaned out, there's plenty of new landscaping, and a ton of new interior paint (getting rid of the dated stained wood). The kitchen was made more efficient and has a new attractive exhaust fan. All new flooring is throughout, new toilet, efficient radiant baseboard furnace, the garage is heated, and there is an interior washer/dryer area. There's also a utility tub in the laundry area, a central ceiling fan for efficiency on a hot summer day, and all window AC units remain with the home. Note: This is now a separate parcel from the master parcel. This used to be one parcel with the church. Taxes are still under the not-for-profit which will change 2025 pay 2024. Very move-in ready with immediate possession.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47338, Eaton, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,199 (100%)
Owner Occupied HU	864 (72.1%)
Renter Occupied HU	179 (14.9%)
Vacant Housing Units	156 (13.0%)
Median Home Value	$153,500
Average Home Value	$187,891