390 E Sycamore St, Morgantown, IN, 46160 | 5.07% Rental Yield

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390 E Sycamore St, Morgantown, IN, 46160 | 5.07% 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 390 E Sycamore St, Morgantown, IN, 46160 offers a 5.07% rental yield on a $220,000 purchase with $930/mo rent. 48% in year one. Equity gained on principal adds $1,420/yr while 5% annual appreciation supports $60,782 over five years. Portfolio math shows five-year ROI at 68.17% and total cumulative return in cash at $49,715. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $930/mo property income against a $1,077/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1960

0.32 Acres lot

$N/A/sqft

No HOA

More details about the property

This beautiful ranch, in Indian Creek school district, is ready for your family to call home. A full remodel was completed in 2019 including HVAC, water heater, flooring, roof and kitchen appliances that stay with the property. The open floor plan is great for entertaining while the master bedroom is separated from the other 3, giving you privacy and quiet. Outside the carport and workshop will give you plenty of extra storage. Enjoy the nice days on the covered front porch, or in the backyard wile the kids play on the playset. Sellers are including the large TV in the living room, mini freezer and camera system with the perfect offer. They are also offering a Home Warranty!

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