379 N Sprunger St, Berne, IN, 46711 | $370/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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379 N Sprunger St, Berne, IN, 46711 | $370/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

Rental property for sale in Berne at 379 N Sprunger St, Berne, IN, 46711 offers $1,660/mo rent that, after a $1,052/mo payment, leaves $370/mo cash flow. Total monthly income is $1,660/mo, and annual cash flow is $4,437/yr on $71,273 cash. Return on cash invested measures 26.13% in year one, and rental yield stands at 9.27% at a $215,000 entry. Equity gained on principal adds $1,387/yr while 5% annual appreciation compounds into $59,401 by year five. Five-year ROI records 135.98% and total cumulative return in cash reaches $96,913. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,660/mo property income versus a $1,052/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1940

8,276 sqft lot

$N/A/sqft

No HOA

More details about the property

Step into this beautiful and meticulously maintained home, situated on a spacious corner lot. Featuring 3 bedrooms and 2 full bathrooms, this home has been thoughtfully updated with stylish and modern touches throughout. The heart of the home is the completely remodeled kitchen, boasting new cabinets, updated appliances, and sleek finishesall completed within the last two years. Cali-style flooring flows seamlessly throughout the main level. Upstairs, youll find new carpeting and updated windows. All bedrooms offer generous closet space, a rare find for a home of this age. Additional features include: Built-in shelving in the front room; Utility and bathroom cabinets for added storage; Garage cabinetsall included with the home. Dont miss the opportunity to own this move-in-ready gem, where classic charm meets modern convenience.

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