2633 E Degonia Rd, Boonville, IN, 47601 | $527/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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2633 E Degonia Rd, Boonville, IN, 47601 | $527/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 Boonville at 2633 E Degonia Rd, Boonville, IN, 47601 generates $2,658/mo in rent and, after a $1,738/mo payment, leaves $527/mo in cash flow. Total monthly income is $2,658/mo, and annual cash flow is $6,318/yr on $117,683 invested. Return on cash invested sits at 25.28% in year one, and rental yield is 8.98% on a $355,000 entry. Equity gained on principal adds $2,291/yr, while 5% annual appreciation builds toward $98,080 over five years. Five-year ROI reaches 131.4% and total cumulative return in cash sums $154,632. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,658/mo property income rather than buyer’s personal income.

Single Family

Built in 1977

3.24 Acres lot

$N/A/sqft

No HOA

More details about the property

Check out this charming country retreat! Escape to peace and privacy in this cute-as-a-button ranch-style home nestled on 3.24 picturesque acres just a few minutes outside of Boonville. This delightful 4-bedroom, 2.5-bathroom home offers the perfect blend of comfort, functionality, and outdoor enjoyment. Step inside and discover the warm and inviting living room opening to the well-appointed, eat-in kitchen that features stainless steel appliances and updated quartz countertops. Down the hall you'll find three main floor bedrooms, an updated full bathroom with step-in shower, as well as an updated half bath off of the primary bedroom. The full basement offers ample living space, an additional bedroom, second full bathroom, extensive storage space, and huge laundry with washer and dryer included. Outside, this property truly shines with an expansive yard featuring mature trees, a firepit for starlit gatherings, brand new treehouse for those young at heart, and lots of room to roam. The detached garage is a bonanza of spacewith ample room for parking, hobbies, and projects. It also includes a separate area thats a perfect gathering space for friends and family, additional workspace, or yet another opportunity for organization and storage. With space to spread out, room to grow, and endless opportunities for enjoyment, this property truly has it all!

Neighborhood Data

Neighborhood data shown for ZIP Code: 47601, Boonville, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,063 (100%)
Owner Occupied HU	4,644 (76.6%)
Renter Occupied HU	1,004 (16.6%)
Vacant Housing Units	415 ( 6.8%)
Median Home Value	$231,570
Average Home Value	$282,098