403 Northwood Dr, Bedford, IN, 47421 | $483/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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403 Northwood Dr, Bedford, IN, 47421 | $483/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 Bedford at 403 Northwood Dr, Bedford, IN, 47421 offers a 9.48% rental yield on a $255,000 purchase with $2,014/mo rent. Total monthly income registers $2,014/mo, and a $1,248/mo payment leaves $483/mo available for distribution. Annual cash flow reaches $5,800/yr on $84,533 to close, and return on cash invested stands at 26.77% in year one. Equity gained on principal adds $1,645/yr while 5% annual appreciation supports $70,452 over five years. Portfolio math shows five-year ROI at 139.41% and total cumulative return in cash at $117,848. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,014/mo property income against a $1,248/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1955

9,583 sqft lot

$N/A/sqft

No HOA

More details about the property

3bed2 bath 1,722 sq foot limestone charmer!!! Convenientlynestled in one of Bedford's most desirable neighborhoods, close to shopping and I69.The home greets you with a classic limestone exterior and a welcoming covered front porchideal for enjoying peaceful mornings or evenings. Step inside to discover original hardwood floors, which complement the homes mid-centurycharm and brand new carpet. Two living room spaces withfireplaces make for the perfect setting to unwind, offering warmth and comfort year-round. Newer windows enhance the second living area, providing a clean, updated look while maintaining the homes timeless appeal. The galley kitchen offers solid wood cabinetry, and the tilefloors extend through the practical, built-in seating in the eat-in kitchen. Outside, youll find acustom-built patio with a pergola, built-in seating, and raised bed gardens, perfect for growing your herbs or vegetables.A new cedar fence lines two sides of the yard and adds privacy.Take comfort in knowing the main roof was replaced in 2020, the carport roof was new in 2022, and the HVAC is also new as of 2022. This home balances character and practicality, with thoughtful updates that preserve its mid-century charm. Don't miss the opportunity to own this limestone gem where comfort, style, and timeless appeal come together!

Neighborhood Data

Neighborhood data shown for ZIP Code: 47421, Bedford, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	12,866 (100%)
Owner Occupied HU	8,906 (69.2%)
Renter Occupied HU	2,874 (22.3%)
Vacant Housing Units	1,086 ( 8.4%)
Median Home Value	$213,813
Average Home Value	$236,330