2926 N 500 W, Jasper, IN, 47546 | $15/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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2926 N 500 W, Jasper, IN, 47546 | $15/mo Cash Flow | Ziffy

For Sale

Currently Rented

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 Jasper at 2926 N 500 W, Jasper, IN, 47546 listed at $278,000 pairs $1,684/mo rent with a $1,361/mo payment to leave $15/mo cash flow. Total monthly income runs $1,684/mo, and annual cash flow reaches $179/yr on $92,157 cash to close. Return on cash invested measures 20.1% in year one, and rental yield registers 7.27% at a $278,000 basis. Equity gained on principal adds $1,794/yr, and annual property appreciation at 5% supports $76,806 by year five. Five-year ROI tracks 103.63% and total cumulative return in cash totals $95,501. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,684/mo property income relative to a $1,361/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1951

0.45 Acres lot

$N/A/sqft

No HOA

More details about the property

When people say kitchen and bathrooms sell homes, you will immediately be pleased with the new updates to this 1951 red brick home featuring 4 bedrooms, 2 bathrooms, full basement and detached garage sitting on .45 acres in the desirable town of Ireland, Indiana. Curb appeal is present with a sidewalk winding to the welcoming front entrance presented with new landscaping. The living room and kitchen have been opened up for a grand entrance with the original hardwood floors, newly painted walls and custom cabinetry, new countertops and backsplash making it a chef and entertainer's delight. Two comfy bedrooms are located on the main floor sharing a harmonized tiled bathroom with soaking tub and separate large shower. There is a hall pantry before leading upstairs to 2 bedrooms and an office. The basement has new stairs equipped with a large laundry area, rec room and full bathroom. The basement has great improvements to extend your living area. Go outside to enjoy the covered back porch with a nice size backyard outlined with acres of cropland in the horizon. Close to the center of Ireland and the northside of Jasper.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47546, Jasper, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	10,013 (100%)
Owner Occupied HU	6,765 (67.6%)
Renter Occupied HU	2,608 (26.0%)
Vacant Housing Units	640 ( 6.4%)
Median Home Value	$270,554
Average Home Value	$316,388