31 E Main St, Gosport, IN, 47433 | 4.21% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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31 E Main St, Gosport, IN, 47433 | 4.21% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Gosport at 31 E Main St, Gosport, IN, 47433 generates $1,140/mo in rent, after a $1,591/mo payment. Total monthly income is $1,140/mo. Return on cash invested sits at 10.87% in year one, and rental yield is 4.21% on a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 54.14% and total cumulative return in cash sums $58,333. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,140/mo property income rather than buyer’s personal income.

Single Family

Built in 1867

1,742 sqft lot

$N/A/sqft

No HOA

More details about the property

Own a Piece of Gosport History - Fully Updated! The Olde Gosport Bank, a registered historic building built in 1867, combines timeless charm with modern updates. Located at 31 E Main Street, Gosport, Indiana, this iconic property is ready for its next chapter. Currently a two-unit apartment building, this versatile space has served as a bank, Bankers Electric Prot Co., a library, an insurance office, and more. The building now features a new rubber roof, updated electrical throughout, a newer HVAC system and water heater, and freshly tuck-pointed and painted exterior brick, preserving its historic beauty while ensuring modern functionality. With over 5,000 square feet, a rooftop patio connected to the upstairs apartment, and a street-level basement studio, the property offers endless possibilities. Its C-1 zoning makes it perfect for an event center, restaurant, boutique, office space, or any creative vision you can imagine.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47433, Gosport, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,688 (100%)
Owner Occupied HU	1,205 (71.4%)
Renter Occupied HU	311 (18.4%)
Vacant Housing Units	172 (10.2%)
Median Home Value	$213,865
Average Home Value	$251,954