304 Blackford St, Waynetown, IN, 47990 | $317/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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304 Blackford St, Waynetown, IN, 47990 | $317/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

Rental property for sale in Waynetown at 304 Blackford St, Waynetown, IN, 47990 priced at $279,900 converts $1,997/mo rent into $317/mo cash flow after a $1,370/mo obligation. Total monthly income equals $1,997/mo, and annual cash flow totals $3,801/yr on $92,787 invested. Return on cash invested prints 24.01% in year one, and rental yield reads 8.56% against a $279,900 entry. Equity gained on principal adds $1,806/yr, while 5% annual appreciation compiles into $77,331 by year five. Five-year ROI reaches 124.57% and total cumulative return in cash sums $115,585. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,997/mo property income covering a $1,370/mo payment, not borrower’s personal income.

Single Family

Built in 1974

8,276 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this stunning 4-bedroom, 2-bath home offering over 2,300 sq. ft. of beautifully updated living space. Every inch of this property has been thoughtfully renovated with modern style and high-quality finishes, giving you the feeling of brand-new construction with the charm of an established neighborhood. The home is still in the process of being completed but will be done very soon. Step inside to discover two spacious living rooms, a large formal dining room featuring a cozy gas log fireplace, and an additional masonry wood-burning fireplace in the basement-perfect for Indiana winters. The heart of the home is the chef's kitchen, beautifully designed with a 36" six-burner stove/oven and a built-in microwave and 2nd oven, and a generous center island that's ideal for prep work, hosting, or gathering with friends and family. Enjoy peace of mind with major updates including a new roof, new gutters, new flooring, new kitchen, and new bathrooms-all completed with a designer's touch. The property also features a two-car attached garage, a dedicated laundry room, and fantastic outdoor spaces. Relax on the screened-in back porch or step onto the brand-new deck with a pergola, a perfect spot for morning coffee or evening unwinding. This is truly a rare find-an elegant, fully remodeled home offering space, comfort, and style inside and out.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47990, Waynetown, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	699 (100%)
Owner Occupied HU	544 (77.8%)
Renter Occupied HU	76 (10.9%)
Vacant Housing Units	79 (11.3%)
Median Home Value	$148,288
Average Home Value	$194,596