310 N Division St, Parker City, IN, 47368 | $240/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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310 N Division St, Parker City, IN, 47368 | $240/mo Cash Flow | 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 Parker City at 310 N Division St, Parker City, IN, 47368 generates $1,771/mo in rent and, after a $1,248/mo payment, leaves $240/mo in cash flow. Total monthly income is $1,771/mo, and annual cash flow is $2,886/yr on $84,499 invested. Return on cash invested sits at 23.32% in year one, and rental yield is 8.34% on a $254,900 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation builds toward $70,424 over five years. Five-year ROI reaches 120.94% and total cumulative return in cash sums $102,192. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,771/mo property income rather than buyer’s personal income.

Single Family

Built in 1994

0.46 Acres lot

$N/A/sqft

No HOA

More details about the property

Dont miss this opportunity to own a nice move-in ready 3-bedroom, 2-bathroom brick home built in 1994 with 1,512 finished square feet of living space. This well-maintained home offers both comfort and convenience with all of the major updates already completed. Step inside to an open-concept kitchen and living room featuring tall ceilings, perfect for gathering and everyday living. The home also boasts brand-new flooring and trim, giving it a fresh, updated look. Car enthusiasts and hobbyists will love the oversized 3-car attached garage (44' x 22') with concrete floors and plenty of room for vehicles, storage, or a workshop. That's 968 square feet of garage space! Outside, youll find a large privacy-fenced backyard with a utility shed and a concrete patioideal for relaxing or entertaining guests. Recent updates provide peace of mind, including: New Gas Furnace (1 year old) Newer Central Air Unit (4 years old) 6' Privacy Fence (1 year old) New Flooring & Trim (1 week old) Newer Roof (6 years old) All the expensive work has already been done, making this home truly move-in ready. Located in the desirable Monroe Central School District, this property has so much to offer!

Neighborhood Data

Neighborhood data shown for ZIP Code: 47368, Parker City, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,166 (100%)
Owner Occupied HU	853 (73.2%)
Renter Occupied HU	203 (17.4%)
Vacant Housing Units	110 ( 9.4%)
Median Home Value	$157,992
Average Home Value	$187,752