3391 N Cedar Gap Lane, Birdseye, IN, 47513 | 4.95% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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3391 N Cedar Gap Lane, Birdseye, IN, 47513 | 4.95% Rental Yield | Ziffy

For Sale

Airbnb Potential

Rental Income

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 Birdseye at 3391 N Cedar Gap Lane, Birdseye, IN, 47513 earns from $1,175/mo rent with a $1,395/mo payment. Total monthly income totals $1,175/mo. ROI tracks 13.1% on current figures, and rental yield reads 4.95% at a $285,000 purchase. Equity gained on principal adds $1,839/yr, and 5% annual appreciation supports $78,740 over five years. Five-year ROI reaches 66.14% and total cumulative return in cash sums $62,490. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,175/mo property income instead of your personal income.

Single Family

Built in 2000

1.03 Acres lot

$N/A/sqft

No HOA

More details about the property

Looking for a serene weekend getaway, a successful short-term rental or your own private residence near the beautiful Patoka Lake? This FULLY FURNISHED 2-bedroom, 1.5-bath cabin is tucked away on a quiet dead-end road, offering the perfect blend of comfort, privacy and natural beauty. Situated on a wooded 1 acre lot, the property welcomes you with a circle drivewayperfect for boat or camper pull-aroundand plenty of parking. Recent upgrades include a new metal roof, washer & dryer and a new large 8 seater hot tub on a fully enclosed porch - ideal for soaking in nature year-round. Unwind around the fire pit, watch for deer wandering through the woods, or enjoy your morning coffee with peaceful, private views. This cabin is already a proven Airbnb performer, making it a fantastic investment opportunity or move-in-ready retreat. Whether you're looking for a cozy weekend escape, a high-performing vacation rental, or a peaceful full-time residence, this cabin near Patoka Lake checks all the boxes.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47513, Birdseye, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,423 (100%)
Owner Occupied HU	738 (51.9%)
Renter Occupied HU	156 (11.0%)
Vacant Housing Units	529 (37.2%)
Median Home Value	$178,704
Average Home Value	$205,854