400 E 8th St, Veedersburg, IN, 47987 | $110/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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400 E 8th St, Veedersburg, IN, 47987 | $110/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 Veedersburg at 400 E 8th St, Veedersburg, IN, 47987 offers a 7.9% rental yield on a $189,000 purchase with $1,244/mo rent. Total monthly income registers $1,244/mo, and a $925/mo payment leaves $110/mo available for distribution. Annual cash flow reaches $1,314/yr on $62,654 to close, and return on cash invested stands at 22.01% in year one. Equity gained on principal adds $1,220/yr while 5% annual appreciation supports $52,217 over five years. Portfolio math shows five-year ROI at 113.9% and total cumulative return in cash at $71,362. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,244/mo property income against a $925/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1895

0.40 Acres lot

$N/A/sqft

No HOA

More details about the property

Charming 3-bedroom, 1-bath farmhouse offering approximately 1,340 square feet of updated living space on a 132' x 132' corner lot. This well-maintained Gable-Front & Wing-style home features a welcoming wraparound porch, crisp white exterior with black trim, and a newer standing-seam metal roof for years of durability. Inside, youll find a spacious kitchen with painted sage cabinetry, laminate countertops, vinyl plank flooring, and modern black appliances. The homes neutral dcor, new carpet, and remodeled bath provide a comfortable move-in-ready setting. The enclosed sunroom adds bright bonus space overlooking the backyard. A detached 2-car garage offers plenty of storage and convenience. With its classic curb appeal, functional updates, and small-town location, this property combines historic character with modern livabilityideal for buyers seeking comfort, value, and charm in one package.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47987, Veedersburg, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,768 (100%)
Owner Occupied HU	1,275 (72.1%)
Renter Occupied HU	347 (19.6%)
Vacant Housing Units	146 ( 8.3%)
Median Home Value	$166,250
Average Home Value	$196,373