219 S Main St, Modoc, IN, 47358 | $346/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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219 S Main St, Modoc, IN, 47358 | $346/mo Cash Flow | 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 Modoc at 219 S Main St, Modoc, IN, 47358 priced at $209,900 converts $1,606/mo rent into $346/mo cash flow after a $1,027/mo obligation. Total monthly income equals $1,606/mo, and annual cash flow totals $4,156/yr on $69,582 invested. Return on cash invested prints 25.88% in year one, and rental yield reads 9.18% against a $209,900 entry. Equity gained on principal adds $1,354/yr, while 5% annual appreciation compiles into $57,992 by year five. Five-year ROI reaches 134.67% and total cumulative return in cash sums $93,704. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,606/mo property income covering a $1,027/mo payment, not borrower’s personal income.

Single Family

Built in 1948

0.48 Acres lot

$N/A/sqft

No HOA

More details about the property

Up a lane sits a beautiful limestone home on large lot in Modoc, IN with detached garage, full basement (with 2 entrances), metal roof and awesome porch. Huge bedrooms, updated kitchen with city sewer but private well. Central air and gas forced heat. 4- 5 bedrooms with 2 full bathrooms.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47358, Modoc, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	402 (100%)
Owner Occupied HU	296 (73.6%)
Renter Occupied HU	60 (14.9%)
Vacant Housing Units	46 (11.4%)
Median Home Value	$203,125
Average Home Value	$242,373