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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Berne at 405 W Hoosier St, Berne, IN, 46711 priced at $192,000 converts $2,180/mo rent into $1,027/mo cash flow after a $940/mo obligation. Total monthly income equals $2,180/mo, and annual cash flow totals $12,326/yr on $63,648 invested. Return on cash invested prints 39.28% in year one, and rental yield reads 13.63% against a $192,000 entry. Equity gained on principal adds $1,239/yr, while 5% annual appreciation compiles into $53,046 by year five. Five-year ROI reaches 206.51% and total cumulative return in cash sums $131,440. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,180/mo property income covering a $940/mo payment, not borrower’s personal income.
Single Family
Built in 1900
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46711, Berne, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,889 (100%) |
| Owner Occupied HU | 2,069 (71.6%) |
| Renter Occupied HU | 652 (22.6%) |
| Vacant Housing Units | 168 ( 5.8%) |
| Median Home Value | $220,263 |
| Average Home Value | $290,043 |
Residential
2,870
Single Family
2,566
Multi-Family
304
Businesses
239
Date | Event | Price |
|---|---|---|
| 2025-07-01 | Sold | $192,000 |
| 2025-05-30 | Pending sale | $192,500 |
| 2025-05-14 | Listed for sale | $192,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-25 | $1197.82 | 23.59% | $128,000 | 6.40% |
| 2023-10-25 | $969.18 | 9.18% | $120,300 | 8.77% |
| 2022-10-25 | $887.68 | 17.42% | $110,600 | 8.64% |
Listed by: Melissa Kaehr • Harvey and Associates Realty LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202517542
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
