405 E 3rd St, Brookston, IN, 47923 | $154/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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405 E 3rd St, Brookston, IN, 47923 | $154/mo Cash Flow | Ziffy

For Sale

Fix & Flip

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 Brookston at 405 E 3rd St, Brookston, IN, 47923 uses $90,500 cash to close to unlock $1,853/yr annual cash flow and $154/mo monthly cash flow. Total monthly income runs $1,793/mo, and a $1,336/mo payment keeps the spread at $154/mo. Purchase price stands at $273,000, and rental yield measures 7.88% with $1,793/mo rent. Return on cash invested shows 21.96% in year one, and 5% annual appreciation builds toward $75,425 over five years. Five-year ROI reaches 113.62% and total cumulative return in cash records $102,823. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,793/mo property income covering a $1,336/mo payment rather than investor’s personal income.

Single Family

Built in 1910

10,454 sqft lot

$N/A/sqft

No HOA

More details about the property

Step into this beautifully maintained two-story home, full of character, space, and thoughtful updates. From the moment you arrive, the inviting wraparound porch sets the toneperfect for morning coffee, evening relaxation, and enjoying the charm of small-town living. Inside, soaring ceilings create an airy feel throughout. The home offers three spacious bedrooms and three full bathrooms, including two garden tubs. The upstairs primary suite features a spa-like ensuite and a huge walk-in closet. Prefer to avoid stairs? Choose the convenient main-level primary bedroom with its own private full bath and generous closet. The expansive kitchen is a true highlight, offering abundant counter space, warm cabinetry, and plenty of room for gathering and entertaining. Recent updates include a new sump pump, new washer and dryer, fresh exterior paint, a newer water heater, updated electrical, new windows in the main-level bedroom, and the addition of a second-floor bathroom. If youre looking for a well-cared-for home with charm, space, and modern updates in a quiet community, this beauty is a must-see! (Inspections welcome, but home is sold as-is.)

Neighborhood Data

Neighborhood data shown for ZIP Code: 47923, Brookston, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,603 (100%)
Owner Occupied HU	1,204 (75.1%)
Renter Occupied HU	249 (15.5%)
Vacant Housing Units	150 ( 9.4%)
Median Home Value	$215,726
Average Home Value	$239,797