356 W Parr Rd, Berne, IN, 46711 | $469/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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356 W Parr Rd, Berne, IN, 46711 | $469/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 Berne at 356 W Parr Rd, Berne, IN, 46711 listed at $176,500 pairs $1,529/mo rent with a $864/mo payment to leave $469/mo cash flow. Total monthly income runs $1,529/mo, and annual cash flow reaches $5,633/yr on $58,510 cash to close. Return on cash invested measures 29.54% in year one, and rental yield registers 10.4% at a $176,500 basis. Equity gained on principal adds $1,139/yr, and annual property appreciation at 5% supports $48,764 by year five. Five-year ROI tracks 154.29% and total cumulative return in cash totals $90,274. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,529/mo property income relative to a $864/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1956

8,276 sqft lot

$N/A/sqft

No HOA

More details about the property

*** Nice Location with a Pretty View & Walking Trail to a Pond Across the Road *** CUTE UPDATES Including: Nice Newer Vinyl Plank Flooring in Laundry Room & Kitchen, Freshly Painted Throughout, & New Shiplap Backsplash in Kitchen. Real Hardwood Floors in Bedrooms. Lots of Additional Attic Storage. Nice Fenced in Yard for your Pets & Kids. This 3 Bedroom 1.5 Bath Ranch is Awaiting New Owners!!!

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