22238 Travertine Run, Woodburn, IN, 46797 | $239/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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22238 Travertine Run, Woodburn, IN, 46797 | $239/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 Woodburn at 22238 Travertine Run, Woodburn, IN, 46797 generates $2,340/mo in rent and, after a $1,713/mo payment, leaves $239/mo in cash flow. Total monthly income is $2,340/mo, and annual cash flow is $2,870/yr on $115,992 invested. Return on cash invested sits at 22.38% in year one, and rental yield is 8.03% on a $349,900 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 115.9% and total cumulative return in cash sums $134,430. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,340/mo property income rather than buyer’s personal income.

Single Family

Built in 2023

9,583 sqft lot

$N/A/sqft

No HOA

More details about the property

This brand new home by Granite Ridge Builders is located in Woodburn. This home boasts and open living space with luxury vinyl plank in the main living areas. The great room has a cathedral ceiling and large picture window overlooking the spacious backyard. The kitchen has custom cabinetry with an island and large counter area for food prep. The primary bedroom offers a walk in closet with custom shelving and a large bathroom with a 5' wide vanity and larger shower with door. This home is complete with a three car garage for extra parking or storage plus it's painted, trimmed and has a hybrid polymer garage floor coating. Other features in this home include: tankless gas water heater, Andersen high performance windows & a whole house media air cleaner & exchanged house fresh air intake.

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