406 E Market StBlufftonIN46714
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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 Bluffton at 406 E Market St, Bluffton, IN, 46714 generates $1,093/mo in rent and, after a $587/mo payment, leaves $336/mo in cash flow. Total monthly income is $1,093/mo, and annual cash flow is $4,037/yr on $39,780 invested. Return on cash invested sits at 30.06% in year one, and rental yield is 10.93% on a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 157.48% and total cumulative return in cash sums $62,647. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,093/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46714, Bluffton, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,868 (100%) |
| Owner Occupied HU | 4,405 (64.1%) |
| Renter Occupied HU | 1,952 (28.4%) |
| Vacant Housing Units | 511 ( 7.4%) |
| Median Home Value | $192,431 |
| Average Home Value | $229,887 |
Housing Distribution
Address Breakdown
Residential
6,622
Single Family
6,327
Multi-Family
295
Businesses
576
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Listed by: Jodi L Holloway • Coldwell Banker Holloway
Mls Name: IRMLS
Mls Provider:
Mls ID: #202521502
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.