318 Parkway StBerneIN46711
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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
Rental property for sale in Berne at 318 Parkway St, Berne, IN, 46711 priced at $207,000 pairs $1,865/mo rent with $623/mo cash flow after a $1,013/mo payment. Total monthly income equals $1,865/mo, and annual cash flow comes to $7,471/yr on $68,621 invested. Return on cash invested is 30.8% in year one, and rental yield stands at 10.81% on a $207,000 basis. Equity gained on principal adds $1,336/yr, and 5% annual appreciation accumulates to $57,190 by year five. Five-year ROI measures 161% and total cumulative return in cash reaches $110,482. For financing, Ziffy Mortgage’s DSCR program evaluates $1,865/mo property income against a $1,013/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1965
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46711, Berne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,889 (100%) |
| Owner Occupied HU | 2,069 (71.6%) |
| Renter Occupied HU | 652 (22.6%) |
| Vacant Housing Units | 168 ( 5.8%) |
| Median Home Value | $220,263 |
| Average Home Value | $290,043 |
Housing Distribution
Address Breakdown
Residential
2,870
Single Family
2,566
Multi-Family
304
Businesses
239
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Listed by: Tamara Braun • Estate Advisors LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202435952
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.