306 N Main St, Kennard, IN, 47351 | $147/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

306 N Main St, Kennard, IN, 47351 | $147/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

Investment Property+ 3 more

4 Bed
2 Bath
2265 sft

613 N Spring St, Greenfield, IN, 46140

3 Bed
1 Bath
920 sft

618 W McKenzie Rd, Greenfield, IN, 46140

3 Bed
1 Bath
2112 sft

83 E Walnut St, Fountaintown, IN, 46130

3 Bed
2 Bath
2887 sft

11898 N 200 W, Fountaintown, IN, 46130

Nearby investment properties with comparable prices

3 Bed
1 Bath
1065 sft

823 N Noble St, Greenfield, IN, 46140

3 Bed
1 Bath
1351 sft

811 N Noble St, Greenfield, IN, 46140

3 Bed
2 Bath
1356 sft

121 Apple St, Greenfield, IN, 46140

2 Bed
2 Bath
1413 sft

1279 Worcester Way, Greenfield, IN, 46140

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

Explore more listings using simple english

Investment Highlights

Rental property for sale in Kennard at 306 N Main St, Kennard, IN, 47351 priced at $215,000 converts $1,437/mo rent into $147/mo cash flow after a $1,052/mo obligation. Total monthly income equals $1,437/mo, and annual cash flow totals $1,761/yr on $71,273 invested. Return on cash invested prints 22.38% in year one, and rental yield reads 8.02% against a $215,000 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation compiles into $59,401 by year five. Five-year ROI reaches 115.84% and total cumulative return in cash sums $82,561. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,437/mo property income covering a $1,052/mo payment, not borrower’s personal income.

Single Family

Built in 1974

0.75 Acres lot

$N/A/sqft

No HOA

More details about the property

Small town cozy with a bit of country feel. This well appointed, well kept, three bedroom, two full bath, ranch style home is located on the north side of Kennard on Main Street. This home boasts 1232 sq ft of living space all on one level, an inviting 4 season sunroom, covered patio for BBQs, 2 car attached garage with concrete drive, small shed and a detached garage/workshop. All situated on 2 lots with a total of 3/4 of an acre. Appliances included plus water softener, central heat and air, with beautiful ceiling fans throughout. Too many things to mention.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47351, Kennard, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	168 (100%)
Owner Occupied HU	129 (76.8%)
Renter Occupied HU	29 (17.3%)
Vacant Housing Units	10 ( 6.0%)
Median Home Value	$153,125
Average Home Value	$196,977