308 E Park AveBourbonIN46504
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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
Investment Highlights
Rental property for sale in Bourbon at 308 E Park Ave, Bourbon, IN, 46504 priced at $169,900 pairs $1,183/mo rent with $163/mo cash flow after a $832/mo payment. Total monthly income equals $1,183/mo, and annual cash flow comes to $1,952/yr on $56,322 invested. Return on cash invested is 23.38% in year one, and rental yield stands at 8.36% on a $169,900 basis. Equity gained on principal adds $1,096/yr, and 5% annual appreciation accumulates to $46,940 by year five. Five-year ROI measures 121.21% and total cumulative return in cash reaches $68,270. For financing, Ziffy Mortgage’s DSCR program evaluates $1,183/mo property income against a $832/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1920
0.33 Acres lot
$N/A/sqft
No HOA
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Listed by: Carolyn Crooks • Keller Williams Thrive South
Mls Name: IRMLS
Mls Provider:
Mls ID: #202517022
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.