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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Berne at 306 Parkway St, Berne, IN, 46711 offers $1,757/mo rent that, after a $954/mo payment, leaves $587/mo cash flow. Total monthly income is $1,757/mo, and annual cash flow is $7,042/yr on $64,643 cash. Return on cash invested measures 30.8% in year one, and rental yield stands at 10.81% at a $195,000 entry. Equity gained on principal adds $1,258/yr while 5% annual appreciation compounds into $53,875 by year five. Five-year ROI records 161% and total cumulative return in cash reaches $104,074. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,757/mo property income versus a $954/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1951
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46711, Berne, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,889 (100%) |
| Owner Occupied HU | 2,069 (71.6%) |
| Renter Occupied HU | 652 (22.6%) |
| Vacant Housing Units | 168 ( 5.8%) |
| Median Home Value | $220,263 |
| Average Home Value | $290,043 |
Residential
2,870
Single Family
2,566
Multi-Family
304
Businesses
239
Date | Event | Price |
|---|---|---|
| 2025-07-02 | Sold | $195,000 |
| 2025-06-04 | Pending sale | $195,000 |
| 2025-05-27 | Price change | $195,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-31 | $753.32 | 23.34% | $96,000 | -1.13% |
| 2023-10-31 | $610.76 | -3.69% | $97,100 | 5.77% |
| 2022-10-31 | $634.16 | 6.16% | $91,800 | 5.28% |
Listed by: Ashley Davidson • CENTURY 21 Bradley Realty, Inc
Mls Name: IRMLS
Mls Provider:
Mls ID: #202518034
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
