302 N 5th St, Summitville, IN, 46070 | $552/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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302 N 5th St, Summitville, IN, 46070 | $552/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 Summitville at 302 N 5th St, Summitville, IN, 46070 offers a 12.12% rental yield on a $134,900 purchase with $1,362/mo rent. Total monthly income registers $1,362/mo, and a $660/mo payment leaves $552/mo available for distribution. Annual cash flow reaches $6,630/yr on $44,719 to close, and return on cash invested stands at 34.73% in year one. Equity gained on principal adds $870/yr while 5% annual appreciation supports $37,270 over five years. Portfolio math shows five-year ROI at 182.16% and total cumulative return in cash at $81,461. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,362/mo property income against a $660/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Manufactured

Built in 1999

0.37 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to your next chapter in the heart of Summitville! This charming 3-bedroom, 2-bathroom home offers 1,456 square feet of well-planned living space designed for comfort and functionality. Whether you're upsizing, downsizing, or just-right-sizing, this home provides the perfect balance of style and substance. Step inside to find an open layout ideal for everyday living and easy entertaining. The spacious living area flows into a spacious kitchen, complete with ample cabinetry and prepping space for your culinary creationsyes, even toast counts. All three bedrooms offer generous storage, and the primary bedroom includes its own en-suite bathroom, making mornings a little more manageable. Outside, the property features a manageable yard with plenty of room for a garden, play area, or your four-legged friends ends on how ambitious youre feeling. Located within a short drive of Madison-Grant Jr./Sr. High School, this home puts education, community, and small-town charm within easy reachall without the noise of city life. Whether you're sipping morning coffee on the porch or hosting your next backyard barbecue, this home is ready to grow with you.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46070, Summitville, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	985 (100%)
Owner Occupied HU	764 (77.6%)
Renter Occupied HU	147 (14.9%)
Vacant Housing Units	74 ( 7.5%)
Median Home Value	$195,982
Average Home Value	$197,592