317 S Bennett StBlufftonIN46714
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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
Investment property for sale in Bluffton at 317 S Bennett St, Bluffton, IN, 46714 uses $75,582 cash to close to unlock $6,040/yr annual cash flow and $503/mo monthly cash flow. Total monthly income runs $1,872/mo, and a $1,116/mo payment keeps the spread at $503/mo. Purchase price stands at $228,000, and rental yield measures 9.85% with $1,872/mo rent. Return on cash invested shows 27.9% in year one, and 5% annual appreciation builds toward $62,992 over five years. Five-year ROI reaches 145.5% and total cumulative return in cash records $109,971. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,872/mo property income covering a $1,116/mo payment rather than investor’s personal income.
Single Family
Built in 1900
8,276 sqft lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 46714, Bluffton, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,868 (100%) |
| Owner Occupied HU | 4,405 (64.1%) |
| Renter Occupied HU | 1,952 (28.4%) |
| Vacant Housing Units | 511 ( 7.4%) |
| Median Home Value | $192,431 |
| Average Home Value | $229,887 |
Housing Distribution
Address Breakdown
Residential
6,622
Single Family
6,327
Multi-Family
295
Businesses
576
Price History
Date | Event | Price |
|---|---|---|
| 2024-12-20 | Sold | $228,000 |
| 2024-11-20 | Pending sale | $224,900 |
| 2024-10-28 | Price change | $224,900 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-01 | $1421.12 | 19.31% | $207,100 | 10.93% |
| 2023-11-01 | $1191.08 | 15.29% | $186,700 | 8.11% |
| 2022-11-01 | $1033.08 | 26.73% | $172,700 | 11.49% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1900
- Architectural Style: Traditional
- Building Area: 2,704
- Living Area: 2,248 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Natural Gas, Forced Air
- Cooling: Central Air
- Flooring: N/A
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: Detached
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: City
- Water Source: City
- Road Surface Type: N/A
School Information
- Elementary School: Bluffton Harrison
- Middle School: Bluffton Harrison
- High School: Bluffton Harrison
Listed by: Christine E Kroft • CENTURY 21 Bradley Realty, Inc
Mls Name: IRMLS
Mls Provider:
Mls ID: #202438153
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.