2617 North Cres #990, Worthington, IN, 47471 | $30/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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2617 North Cres #990, Worthington, IN, 47471 | $30/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 Worthington at 2617 North Cres #990, Worthington, IN, 47471 earns $30/mo cash flow from $1,200/mo rent with a $954/mo payment. Total monthly income totals $1,200/mo, and annual cash flow totals $358/yr on $64,643 capital. ROI tracks 20.46% on current figures, and rental yield reads 7.38% at a $195,000 purchase. Equity gained on principal adds $1,258/yr, and 5% annual appreciation supports $53,875 over five years. Five-year ROI reaches 105.55% and total cumulative return in cash sums $68,230. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,200/mo property income instead of your personal income.

Single Family

Built in 2005

4.02 Acres lot

$N/A/sqft

No HOA

More details about the property

Escape to your own secluded retreat on over 4 acres of wooded privacy, perfect for recreation, a hunting getaway, fishing along the sand bar, or even a potential Airbnb opportunity. Located in Owen County, just over the Greene County line, this unique property is nestled between Fish Creek and the West Fork of the White River. From CR 990, enter through the gated drive and follow the long lane back to a private clearing where you'll find the rustic river cabin, built in 2005. Offering 1,120 square feet, the open-concept layout includes a main-level living room, full bath, kitchen, and dining area, with a two-bedroom loft upstairs complete with closets. The cabin features tongue-and-groove wood walls and wide-plank flooring, creating a true cabin atmosphere. Multiple heating and cooling options include a wall-mounted gas heater, traditional wood stove, window air unit, and a newly installed mini split system. Enjoy peaceful evenings on the screened-in porch or park your vehicle beneath the cabin for protection from the elements. Additional features include a 50-amp camper hookup and a storage shed for your outdoor gear. (Note: Financing will require flood insurance on this property.)

Neighborhood Data

Neighborhood data shown for ZIP Code: 47471, Worthington, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,188 (100%)
Owner Occupied HU	826 (69.5%)
Renter Occupied HU	226 (19.0%)
Vacant Housing Units	136 (11.4%)
Median Home Value	$122,464
Average Home Value	$181,262