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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Berne at 255 N Jefferson St, Berne, IN, 46711 uses $33,150 cash to close to unlock $2,234/yr annual cash flow and $186/mo monthly cash flow. Total monthly income runs $786/mo, and a $489/mo payment keeps the spread at $186/mo. Purchase price stands at $100,000, and rental yield measures 9.43% with $786/mo rent. Return on cash invested shows 26.65% in year one, and 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 138.87% and total cumulative return in cash records $46,036. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $786/mo property income covering a $489/mo payment rather than investor’s personal income.
Single Family
Built in 1939
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46711, Berne, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,889 (100%) |
| Owner Occupied HU | 2,069 (71.6%) |
| Renter Occupied HU | 652 (22.6%) |
| Vacant Housing Units | 168 ( 5.8%) |
| Median Home Value | $220,263 |
| Average Home Value | $290,043 |
Residential
2,870
Single Family
2,566
Multi-Family
304
Businesses
239
Date | Event | Price |
|---|---|---|
| 2024-08-30 | Price change | $100,000 |
| 2024-08-08 | Price change | $109,000 |
| 2024-07-18 | Listed for sale | $120,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $538.00 | 16.47% | $90,000 | 8.17% |
| 2022-10-16 | $461.92 | 13.69% | $83,200 | 8.76% |
| 2021-10-16 | $406.28 | 8.36% | $76,500 | 5.81% |
Listed by: Robert Green • C21 Advance Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202426655
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.
