301 E Lewis St, Swayzee, IN, 46986 | $289/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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301 E Lewis St, Swayzee, IN, 46986 | $289/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 Swayzee at 301 E Lewis St, Swayzee, IN, 46986 offers a 9.44% rental yield on a $154,900 purchase with $1,219/mo rent. Total monthly income registers $1,219/mo, and a $758/mo payment leaves $289/mo available for distribution. Annual cash flow reaches $3,472/yr on $51,349 to close, and return on cash invested stands at 26.67% in year one. Equity gained on principal adds $1,000/yr while 5% annual appreciation supports $42,796 over five years. Portfolio math shows five-year ROI at 138.95% and total cumulative return in cash at $71,348. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,219/mo property income against a $758/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1965

0.28 Acres lot

$N/A/sqft

No HOA

More details about the property

Adorable and cozy MOVE-IN ready home located in the desirable Oak Hill School District! This charming 3-bedroom, 1-bath home is nestled in a quiet neighborhood and offers both comfort and convenience. Step inside to find fresh paint, new flooring throughout, and a bright living room with updated windows that let in plenty of natural light. The kitchen has been beautifully remodeled and features new cabinets, countertops, and all new appliances that stay! The bathroom has also been updated with a new vanity, shower, and fixtures. Enjoy outdoor living at it's best with a gorgeous backyard retreat that includes two decks, a firepit area, and beautiful views! Peaceful, private, and perfect for entertaining or relaxing. More updates include a roof (2 years old), tankless water heater, gas heat and central air (appx 2016). This home is truly move-in ready and waiting for it's next owner!

Neighborhood Data

Neighborhood data shown for ZIP Code: 46986, Swayzee, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	775 (100%)
Owner Occupied HU	585 (75.5%)
Renter Occupied HU	113 (14.6%)
Vacant Housing Units	77 ( 9.9%)
Median Home Value	$198,093
Average Home Value	$241,585