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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% |
Investment property for sale in Berne at 306 Wabash St, Berne, IN, 46711 uses $62,985 cash to close to unlock $10,272/yr annual cash flow and $856/mo monthly cash flow. Total monthly income runs $2,147/mo, and a $930/mo payment keeps the spread at $856/mo. Purchase price stands at $190,000, and rental yield measures 13.56% with $2,147/mo rent. Return on cash invested shows 36.22% in year one, and 5% annual appreciation builds toward $52,494 over five years. Five-year ROI reaches 191.07% and total cumulative return in cash records $120,348. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,147/mo property income covering a $930/mo payment rather than investor’s personal income.
Single Family
Built in 1903
10,018 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 |
|---|---|---|
| 2025-07-18 | Sold | $190,000 |
| 2025-06-18 | Pending sale | $214,500 |
| 2025-05-16 | Listed for sale | $214,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-31 | $3382.90 | 64.38% | $234,800 | 8.25% |
| 2023-10-31 | $2058.00 | 11.30% | $216,900 | 9.88% |
| 2022-10-31 | $1849.00 | 7.69% | $197,400 | 11.09% |
Listed by: Holly Lofton • Miz Lehman REALTORS-Auctioneer
Mls Name: IRMLS
Mls Provider:
Mls ID: #202518143
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.
