269 Patriots Lndg, Fillmore, IN, 46128 | 2.23% Rental Yield

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269 Patriots Lndg, Fillmore, IN, 46128 | 2.23% Rental Yield | Ziffy

For Sale

Fix & Flip

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

Total monthly income runs $1,020/mo, and a $2,692/mo payment. Purchase price stands at $550,000, and rental yield measures 2.23% with $1,020/mo rent. Return on cash invested shows 4.93% in year one, and 5% annual appreciation builds toward $151,955 over five years. Five-year ROI reaches 22.25% and total cumulative return in cash records $40,258. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,020/mo property income covering a $2,692/mo payment rather than investor’s personal income.

Single Family

Built in 1974

0.30 Acres lot

$N/A/sqft

No HOA

More details about the property

Endless opportunities await with this A-frame lakehome at Heritage Lake! Featuring 2 bedrooms plus a loft for extra living space, this home boasts soaring ceilings and a spacious wrap-around deck where you can take in sweeping views of the main body of the lake. The great room, anchored by a beautiful masonry fireplace, is the perfect spot to enjoy a cozy fire on cold winter nights and flows seamlessly into the small kitchen and wet bar area-ideal for entertaining while still enjoying the lake views. The primary suite includes a charming nook that's perfect for a home office or reading corner. Situated on a combined .58 acres with 70 feet of lakefront, this property offers plenty of space to spread out and enjoy lake life. The oversized 2-car garage provides ample room for vehicles, a generous workshop area, and storage for your golf cart-a must in this fun golf cart-friendly community. Even more unique, the property features a grandfathered-in boat garage topped with a spacious observation deck-perfect for entertaining, relaxing, or soaking in sunsets over the water. With the adjoining lot included, you'll have endless potential to remodel, expand, or even design a brand-new lake retreat. Being sold as-is, this home is an incredible value for buyers ready to create their dream getaway at Heritage Lake.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46128, Fillmore, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	738 (100%)
Owner Occupied HU	599 (81.2%)
Renter Occupied HU	102 (13.8%)
Vacant Housing Units	37 ( 5.0%)
Median Home Value	$224,032
Average Home Value	$272,291