22708 Main StWoodburnIN46797
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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
Investment Highlights
Investment property for sale in Woodburn at 22708 Main St, Woodburn, IN, 46797 earns $531/mo cash flow from $1,749/mo rent with a $993/mo payment. Total monthly income totals $1,749/mo, and annual cash flow totals $6,373/yr on $67,261 capital. ROI tracks 29.38% on current figures, and rental yield reads 10.34% at a $202,900 purchase. Equity gained on principal adds $1,309/yr, and 5% annual appreciation supports $56,058 over five years. Five-year ROI reaches 153.48% and total cumulative return in cash sums $103,230. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,749/mo property income instead of your personal income.
Single Family
Built in 1939
0.27 Acres lot
$N/A/sqft
No HOA
More details about the property
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 |
Housing Distribution
Address Breakdown
Residential
1,327
Single Family
1,295
Multi-Family
32
Businesses
78
Price History
Date | Event | Price |
|---|---|---|
| 2025-04-05 | Listed for sale | $202,900 |
| 2018-06-08 | Sold | $117,750 |
| 2007-03-30 | Sold | $87,500 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-08 | $1320.28 | 14.54% | $154,700 | -5.67% |
| 2023-04-08 | $1152.68 | 13.44% | $164,000 | 16.98% |
| 2022-04-08 | $1016.12 | 21.38% | $140,200 | 17.03% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1939
- Architectural Style: Cape Cod
- Building Area: 2,803
- Living Area: 1,907 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Forced Air
- Cooling: Attic Fan, Central Air
- Flooring: Hardwood
- Interior Features: Ceiling Fan(s), Laminate Counters, Crown Molding, Entrance Foyer, Natural Woodwork, Pantry
- Exterior Features: N/A
- Parking Features: Detached
Location
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: City
- Water Source: City
- Road Surface Type: N/A
School Information
- Elementary School: Woodlan
- Middle School: Woodlan
- High School: Woodlan
Listed by: Dawn Buchanan • Coldwell Banker Real Estate Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202511490
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.