314 S Union St, Selma, IN, 47383 | $233/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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314 S Union St, Selma, IN, 47383 | $233/mo Cash Flow | Ziffy

For Sale

Currently Rented

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

Investment property for sale in Selma at 314 S Union St, Selma, IN, 47383 with 5% annual appreciation on a $189,900 basis while $1,372/mo rent supports operations. Total monthly income totals $1,372/mo and a $929/mo payment preserves $233/mo for cash returns. Annual cash flow comes to $2,790/yr on $62,952 deployed, and return on cash invested reaches 24.34% in year one. Equity gained on principal adds $1,225/yr, and five-year appreciation sums $52,466 alongside rental yield of 8.67%. Five-year ROI measures 126.39% and total cumulative return in cash totals $79,565.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,372/mo property income versus a $929/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1870

0.25 Acres lot

$N/A/sqft

No HOA

More details about the property

GREAT Investment Package. Cash cow opportunity exits in Selma. Two dwellings on 1 parcel. One is a 3 bedroom 1/12 story home with Kitchen, dining room, living room, laundry room, family room with wood burning stove, and 10 X 17 porch, that currently is vacant, but, could easily rent for $1,200 / month. The other is a duplex: each is a 2 bedroom 1 bath unit. The 1 current tenant pays $625 / month and the other is currently vacant, but, could easily rent for $750 / month. In the upstairs duplex an efficiency apartment has been started, but needs to be finished. The annual income fully rented would be $32,000, and at a 10% cap would be $320,000. In addition, the lot just to the east, parcel #:18-12-15-108-008.000-011, 83' X 165', comes with this package as well! Properties are being sold " AS IS". Seller has never lived in property and is a P.O.A.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47383, Selma, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,127 (100%)
Owner Occupied HU	911 (80.8%)
Renter Occupied HU	143 (12.7%)
Vacant Housing Units	73 ( 6.5%)
Median Home Value	$218,720
Average Home Value	$239,391