349 3rd St, Patriot, IN, 47038 | $161/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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349 3rd St, Patriot, IN, 47038 | $161/mo Cash Flow | 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 Patriot at 349 3rd St, Patriot, IN, 47038 with 5% annual appreciation on a $154,800 basis while $1,091/mo rent supports operations. Total monthly income totals $1,091/mo and a $758/mo payment preserves $161/mo for cash returns. Annual cash flow comes to $1,937/yr on $51,316 deployed, and return on cash invested reaches 23.68% in year one. Equity gained on principal adds $999/yr, and five-year appreciation sums $42,768 alongside rental yield of 8.46%. Five-year ROI measures 122.91% and total cumulative return in cash totals $63,073.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,091/mo property income versus a $758/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1965

5,227 sqft lot

$N/A/sqft

No HOA

More details about the property

This one-story, 2BR, 1.5 BA home in the center of riverside Patriot, IN is ready-to-move-in to! It has a back deck, new floor coverings, off-street parking, and much more to love like its river view, fenced in back yard and MBR suite. Perfect for anyone who wants the small, river town life. Schedule your viewing to see for yourself! $154,800.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47038, Patriot, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	507 (100%)
Owner Occupied HU	371 (73.2%)
Renter Occupied HU	93 (18.3%)
Vacant Housing Units	43 ( 8.5%)
Median Home Value	$181,591
Average Home Value	$170,863