308 S Locust St, Earl Park, IN, 47942 | $328/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
1 Bath
1356 sft

312 E Walnut St, Morocco, IN, 47963

3 Bed
1 Bath
1052 sft

117 N Marty Dr, Milford, IL, 60953

3 Bed
1 Bath
1230 sft

206 W Frederick St, Milford, IL, 60953

3 Bed
2 Bath
1950 sft

305 N Axtel Ave, Milford, IL, 60953

Nearby investment properties with comparable prices

3 Bed
1 Bath
960 sft

102 E 4th St, Earl Park, IN, 47942

3 Bed
2 Bath
1686 sft

635 E Mulberry St, Watseka, IL, 60970

2 Bed
1 Bath
1323 sft

219 E Hamilton Ave, Watseka, IL, 60970

4 Bed
1 Bath
1489 sft

6029 S Highway St, Brook, IN, 47922

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 Earl Park at 308 S Locust St, Earl Park, IN, 47942 priced at $177,500 converts $1,394/mo rent into $328/mo cash flow after a $869/mo obligation. Total monthly income equals $1,394/mo, and annual cash flow totals $3,939/yr on $58,841 invested. Return on cash invested prints 26.6% in year one, and rental yield reads 9.42% against a $177,500 entry. Equity gained on principal adds $1,145/yr, while 5% annual appreciation compiles into $49,040 by year five. Five-year ROI reaches 138.58% and total cumulative return in cash sums $81,540. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,394/mo property income covering a $869/mo payment, not borrower’s personal income.

Single Family

Built in 1900

0.36 Acres lot

$N/A/sqft

No HOA