402 E 26th St, Jasper, IN, 47546 | $510/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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402 E 26th St, Jasper, IN, 47546 | $510/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 Jasper at 402 E 26th St, Jasper, IN, 47546 generates $2,225/mo in rent and, after a $1,398/mo payment, leaves $510/mo in cash flow. Total monthly income is $2,225/mo, and annual cash flow is $6,124/yr on $94,710 invested. Return on cash invested sits at 26.38% in year one, and rental yield is 9.35% on a $285,700 entry. Equity gained on principal adds $1,844/yr, while 5% annual appreciation builds toward $78,934 over five years. Five-year ROI reaches 137.29% and total cumulative return in cash sums $130,030. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,225/mo property income rather than buyer’s personal income.

Single Family

Built in 1947

0.33 Acres lot

$N/A/sqft

No HOA

More details about the property

MID-CENTURY MODERN 4-bedroom 2 1/2 bath all brick home on Jasper's north side. Step inside onto the beautiful real oakwood floored living room with guest closet, a southern-faced picture window, and access to the west side glassed sunroom leading to a large fenced patio and flower garden. The carefully planned updated kitchen offers loads of convenient work areas, features a tiered island, built-in breakfast nook, plus a nearby great room focused around a fireplace for easy conversation. Both main level bedrooms also feature well maintained oakwood flooring plus there are two additional bedrooms on the upper level. Some areas have been nicely updated with modern touches here and there, newer windows with some no-maintenance sills, while yet retaining the home's unique charm. The basement has some extensive finish work and a nicely finished laundry and bath area. There is a detached 2-car garage, an 8x12 rear yard utility shed, nice garden and play areas...see for yourself!

Neighborhood Data

Neighborhood data shown for ZIP Code: 47546, Jasper, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	10,013 (100%)
Owner Occupied HU	6,765 (67.6%)
Renter Occupied HU	2,608 (26.0%)
Vacant Housing Units	640 ( 6.4%)
Median Home Value	$270,554
Average Home Value	$316,388