288 Concord Rd, Spencer, IN, 47460 | $160/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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288 Concord Rd, Spencer, IN, 47460 | $160/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 Spencer at 288 Concord Rd, Spencer, IN, 47460 with 5% annual appreciation on a $379,900 basis while $2,440/mo rent supports operations. Total monthly income totals $2,440/mo and a $1,859/mo payment preserves $160/mo for cash returns. Annual cash flow comes to $1,919/yr on $125,937 deployed, and return on cash invested reaches 21.43% in year one. Equity gained on principal adds $2,451/yr, and five-year appreciation sums $104,959 alongside rental yield of 7.71%. Five-year ROI measures 110.75% and total cumulative return in cash totals $139,481.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,440/mo property income versus a $1,859/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1992

1.05 Acres lot

$N/A/sqft

No HOA

More details about the property

Are you looking for a neighborhood with a country living feel? Welcome home to 288 Concord Rd! This 3 bedroom, 2 bath home has been meticulously maintained and loved by the current owners. This 2 story home sits on just over an acre of land with a beautiful yard full of mature trees, a hot tub and large deck for outdoor entertaining . Inside the home you are greeted at the front door by a 2-story living room with gas fireplace that leads into the eat in kitchen with new countertops and bar for additional seating. Down the hallway you will find the secondary bedrooms, a full bath and the laundry room. Upstairs is the master bedroom, another full bath and family room. The current owners have put all the work into this home over the last few years, so the new owner doesn't have to! Updates include roof, siding, HVAC, garage doors, paint, and new carpet upstairs.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47460, Spencer, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	5,190 (100%)
Owner Occupied HU	3,784 (72.9%)
Renter Occupied HU	949 (18.3%)
Vacant Housing Units	457 ( 8.8%)
Median Home Value	$187,057
Average Home Value	$214,772