405 W Hoosier StBerneIN46711
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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
Investment Highlights
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
Neighborhood data shown for ZIP Code: 46711, Berne, IN area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
2,870
Single Family
2,566
Multi-Family
304
Businesses
239
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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.