228 W State Road 56, Jasper, IN, 47546 | $704/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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228 W State Road 56, Jasper, IN, 47546 | $704/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

Investment property for sale in Jasper at 228 W State Road 56, Jasper, IN, 47546 uses $74,588 cash to close to unlock $8,443/yr annual cash flow and $704/mo monthly cash flow. Total monthly income runs $2,054/mo, and a $1,101/mo payment keeps the spread at $704/mo. Purchase price stands at $225,000, and rental yield measures 10.95% with $2,054/mo rent. Return on cash invested shows 31.23% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 163.31% and total cumulative return in cash records $121,809. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,054/mo property income covering a $1,101/mo payment rather than investor’s personal income.

Single Family

Built in 1945

0.50 Acres lot

$N/A/sqft

No HOA

More details about the property

Charming brick cottage featuring 5 bedrooms and 2 full baths with over 2,200 square foot of finished living space. This home is rich with character- from the gorgeous hardwood floors that flow throughout the main and upper levels to the adorable kitchen with a cozy nook and timeless built-ins in the dining and living area that highlight its era. The main floor bedrooms are spacious and inviting, while the upper level offers plenty of additional room and flexibility. The main floor bathroom is complimented with a beautifully updated walk-in tile shower for a modern touch. A full basement provides excellent storage space along with a dedicated laundry area. Sitting on a peaceful half acre lot, the property offers an oversized patio and fire-pit, perfect for relaxing or entertaining. Classic charm meets everyday comfort- everything you need in a warm, welcoming home!

Neighborhood Data

Neighborhood data shown for ZIP Code: 47546, Jasper, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	10,013 (100%)
Owner Occupied HU	6,765 (67.6%)
Renter Occupied HU	2,608 (26.0%)
Vacant Housing Units	640 ( 6.4%)
Median Home Value	$270,554
Average Home Value	$316,388