2612 N Slab Rd, Austin, IN, 47102 | $450/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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2612 N Slab Rd, Austin, IN, 47102 | $450/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 Austin at 2612 N Slab Rd, Austin, IN, 47102 uses $74,554 cash to close to unlock $5,397/yr annual cash flow and $450/mo monthly cash flow. Total monthly income runs $1,800/mo, and a $1,101/mo payment keeps the spread at $450/mo. Purchase price stands at $224,900, and rental yield measures 9.6% with $1,800/mo rent. Return on cash invested shows 27.15% in year one, and 5% annual appreciation builds toward $62,136 over five years. Five-year ROI reaches 141.43% and total cumulative return in cash records $105,445. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,800/mo property income covering a $1,101/mo payment rather than investor’s personal income.

Single Family

Built in 1986

0.62 Acres lot

$N/A/sqft

No HOA

More details about the property

If you're looking for a one level, turn-key home that you can move right in to, you've found it! This 3BR, 1.5BA solid BRICK home sits on .62 acre and offers a 2 car detached garage with electricity, 2 car carport, fenced yard, and an additional storage building for all of your extras. You'll appreciate the long list of improvements which include an updated kitchen, completely remodeled baths, HVAC, light fixtures/fans, an On Demand water heater, updated flooring, electrical & plumbing updates, and more! The extremely spacious laundry room offers generous storage along with a washer & dryer set that will remain. Don't spend ALL of your time inside...you want to make sure you're enjoying those gorgeous sunsets from the front and side porches each evening too!

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