360 County Line Rd, Morgantown, IN, 46160 | 3.73% Rental Yield

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360 County Line Rd, Morgantown, IN, 46160 | 3.73% Rental Yield | Ziffy

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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 Morgantown at 360 County Line Rd, Morgantown, IN, 46160 with 5% annual appreciation on a $298,900 basis while $930/mo rent supports operations. 44% in year one. Equity gained on principal adds $1,929/yr, and five-year appreciation sums $82,581 alongside rental yield of 3.73%. Five-year ROI measures 46.47% and total cumulative return in cash totals $46,047. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $930/mo property income versus a $1,463/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1991

0.35 Acres lot

$N/A/sqft

No HOA

More details about the property

Lovely home in a country setting close to major thoroughfares with easy access to US 135. Access to I69 in 15 mins., I65 in 25 mins., just 15 mins to Nashville, 15 mins. to Martinsville and 25 mins. to Franklin. Come take a look at this charming 3 bedroom 2 bath brick home in highly rated Indian Creek schools system. Large open great room with vaulted ceilings and ceiling fan. Gas log Fireplace in Great room. Open and spacious kitchen to large dining area. Covered front porch for watching the sunrise. Extra large backyard with a covered patio/deck and Gazebo to enjoy the many flowering trees & flowers. Large storage shed with room for your outdoor tools. Fire pit to enjoy with family and friends, making memories and s'mores. The two car extra deep garage for cars and all your extra toys. This beautifully maintained home has all new windows(2024) roof & central air are less than 10 years old, new flooring and fresh paint throughout. Living room has Cathedral ceilings and a cozy gas fireplace. Large master suite has walk-closet and full bath. Tons of storage throughout home. This home sits on almost 1/2 Acre and boasts mature landscaping with pine trees in back for privacy, blooming trees, shrubs and perennials. This is a gardener's dream with plenty of room for activities on the large back deck & Gazebo.Must see to appreciate this Home.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46160, Morgantown, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,890 (100%)
Owner Occupied HU	2,204 (76.3%)
Renter Occupied HU	377 (13.0%)
Vacant Housing Units	309 (10.7%)
Median Home Value	$254,857
Average Home Value	$319,090