4000 Polk Rd, Boonville, IN, 47601 | 2.94% Rental Yield

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4000 Polk Rd, Boonville, IN, 47601 | 2.94% Rental Yield | Ziffy

Off market

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 Boonville at 4000 Polk Rd, Boonville, IN, 47601 earns from $834/mo rent with a $1,668/mo payment. Total monthly income totals $834/mo. ROI tracks 7.04% on current figures, and rental yield reads 2.94% at a $340,800 purchase. Equity gained on principal adds $2,199/yr, and 5% annual appreciation supports $94,157 over five years. Five-year ROI reaches 33.6% and total cumulative return in cash sums $37,961. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $834/mo property income instead of your personal income.

Single Family

Built in 1988

5.60 Acres lot

$N/A/sqft

No HOA

More details about the property

Hurry! Peaceful, quiet, and serene country living! Beautiful A frame home nestled on over 5.5 acres. Gorgeous mature trees, wooded lot, abundance of gardening opportunities, 36 x 30 oversized detached garage/workshop, above ground pool, circle driveway, the list goes on and on! As you enter under the covered front porch, you'll find large living/great room boasting a 2 story, cathedral ceiling, wood burning stove and large windows and skylights that offer a ton of natural lighting. The eat-in kitchen, which has lots of cabinetry for storage and a breakfast bar, flows seamlessly to the adjacent laundry room and then the scenic sunroom that any nature lover would desire! Rounding out the main floor is a bedroom with walk-in closet and full bathroom, and a hallway guest bathroom as well. Upstairs is the owner's suite with a balcony that overlooks your tucked away retreat! There is also a nice sized multi-purpose loft. Downstairs is the walkout basement with an additional bedroom/family room, 1.5 car detached garage, and utility room. The detached garage/workshop with woodburning stove and a lean to is a craftsman's paradise. Cool off in this summer heat in the above ground swimming pool also! Whether you're looking for a peaceful getaway, room to grow, or multi-generational living, this property has so much to offer and is truly a Boonville gem!

Neighborhood Data

Neighborhood data shown for ZIP Code: 47601, Boonville, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,063 (100%)
Owner Occupied HU	4,644 (76.6%)
Renter Occupied HU	1,004 (16.6%)
Vacant Housing Units	415 ( 6.8%)
Median Home Value	$231,570
Average Home Value	$282,098