2858 Hillside Dr, Bedford, IN, 47421 | $362/mo Cash Flow

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 Bedford at 2858 Hillside Dr, Bedford, IN, 47421 offers a 9.32% rental yield on a $204,900 purchase with $1,592/mo rent. Total monthly income registers $1,592/mo, and a $1,003/mo payment leaves $362/mo available for distribution. Annual cash flow reaches $4,343/yr on $67,924 to close, and return on cash invested stands at 26.3% in year one. Equity gained on principal adds $1,322/yr while 5% annual appreciation supports $56,610 over five years. Portfolio math shows five-year ROI at 136.88% and total cumulative return in cash at $92,974. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,592/mo property income against a $1,003/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1962

0.31 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to this charming three-bedroom, two-bath home located in the desirable Broadview Edition. This adorable property offers convenience to Highway 37 and Crane, making it an ideal spot for easy commuting. Inside, youll find a spacious open floor plan that connects the living room, dining area, and kitchen, creating a warm and inviting atmosphere perfect for both everyday living and entertaining. Step outside to enjoy a large concrete patio thats perfect for grilling or hosting gatherings, along with a good- sized yard that provides plenty of room for outdoor activities. The home also features economical utilities, adding to its appeal. Recent updates within the past five years include a new furnace installed four years ago, a new dishwasher, and a beautifully updated walk-in shower in the primary bathroom.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47421, Bedford, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	12,866 (100%)
Owner Occupied HU	8,906 (69.2%)
Renter Occupied HU	2,874 (22.3%)
Vacant Housing Units	1,086 ( 8.4%)
Median Home Value	$213,813
Average Home Value	$236,330