232 E Main Street, Austin, IN, 47102 | $809/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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232 E Main Street, Austin, IN, 47102 | $809/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 Austin at 232 E Main Street, Austin, IN, 47102 generates $2,129/mo in rent and, after a $1,076/mo payment, leaves $809/mo in cash flow. Total monthly income is $2,129/mo, and annual cash flow is $9,711/yr on $72,897 invested. Return on cash invested sits at 33.23% in year one, and rental yield is 11.62% on a $219,900 entry. Equity gained on principal adds $1,419/yr, while 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 174.09% and total cumulative return in cash sums $126,904. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,129/mo property income rather than buyer’s personal income.

Single Family

Built in 2025

0.29 Acres lot

$N/A/sqft

No HOA

More details about the property

The craftmanship on this home is timeless. This newly built residence elevates one-level living with 9-foot ceilings, oversized doorways, wide hallway, custom cabinets with more storage room, deep kitchen sink, pantry cabinet, granite countertops, and premium vinyl plank flooring. This home reflects attention to details. It's a little mansion of your own ! Elegant stone facade, with a covered front porch and gorgeous custom 8' front entrance door (matches the back door), and it has a durable hardboard siding that makes it beautiful and unique to the energy-saving spray foam insulation. This property includes both attached garage, and a detached two-car garage out back for exceptional storage or workshop potential or even space for your collectables. This open floor plan has so much space; the kitchen offers an appliance credit to the buyer, to pick out your own appliances. Owners' suite features walk in shower and w/i closet. Two other bedrooms and another full bath. Don't wait, Move in by Christmas!

Neighborhood Data

Neighborhood data shown for ZIP Code: 47102, Austin, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,141 (100%)
Owner Occupied HU	1,881 (59.9%)
Renter Occupied HU	992 (31.6%)
Vacant Housing Units	268 ( 8.5%)
Median Home Value	$160,398
Average Home Value	$189,765