3260 N 200 W, Decatur, IN, 46733 | 5.29% Rental Yield

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3260 N 200 W, Decatur, IN, 46733 | 5.29% 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

Investment property for sale in Decatur at 3260 N 200 W, Decatur, IN, 46733 offers a 5.29% rental yield on a $275,000 purchase with $1,213/mo rent. 15% in year one. Equity gained on principal adds $1,775/yr while 5% annual appreciation supports $75,977 over five years. Portfolio math shows five-year ROI at 71.73% and total cumulative return in cash at $65,387. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,213/mo property income against a $1,346/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1981

0.80 Acres lot

$N/A/sqft

No HOA

More details about the property

Here is a great opportunity to buy a country in Adams Central Schools. The main floor has a nice Living Room, Spacious Family Room, Dining Room, Kitchen, Master bedroom, full bath and a laundry room. The basement has a 2nd kitchen/dining room, another living room, full bath and 2 bedrooms. There is an oversized 2 car attached garage. The main level has been completely remodeled in the last couple of years. Updates include new furnace (2025), windows (2025), Doors (2024), Appliances (2020), Flooring (2020), Bathroom (2020). Outside there is a cement patio, an open front porch and a 14 x 24 shed. This all sits on .8 tenths of an acre with the option to buy another 1.89 acres.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46733, Decatur, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	8,091 (100%)
Owner Occupied HU	5,906 (73.0%)
Renter Occupied HU	1,700 (21.0%)
Vacant Housing Units	485 ( 6.0%)
Median Home Value	$216,630
Average Home Value	$273,796