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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% |
Rental property for sale in Berne at 256 N Jefferson St, Berne, IN, 46711 offers $2,483/mo rent that, after a $1,003/mo payment, leaves $1,253/mo cash flow. Total monthly income is $2,483/mo, and annual cash flow is $15,033/yr on $67,958 cash. Return on cash invested measures 42.03% in year one, and rental yield stands at 14.53% at a $205,000 entry. Equity gained on principal adds $1,323/yr while 5% annual appreciation compounds into $56,638 by year five. Five-year ROI records 221.23% and total cumulative return in cash reaches $150,342. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,483/mo property income versus a $1,003/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
10,454 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 |
|---|---|---|
| 2024-12-09 | Sold | $205,000 |
| 2024-10-28 | Pending sale | $219,900 |
| 2024-10-09 | Listed for sale | $219,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-01 | $1624.00 | 10.85% | $170,800 | 6.48% |
| 2023-11-01 | $1465.00 | 9.17% | $160,400 | 8.82% |
| 2022-11-01 | $1342.00 | 6.25% | $147,400 | 9.02% |
Listed by: Nicholas Huffman • Steffen Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202439120
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.
