406 Piper Ct, Ossian, IN, 46777 | 4.87% Rental Yield

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406 Piper Ct, Ossian, IN, 46777 | 4.87% Rental Yield | Ziffy

Pending

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

Rental property for sale in Ossian at 406 Piper Ct, Ossian, IN, 46777 priced at $279,900 converts $1,136/mo rent into after a $1,370/mo obligation. Total monthly income equals $1,136/mo. Return on cash invested prints 12.87% in year one, and rental yield reads 4.87% against a $279,900 entry. Equity gained on principal adds $1,806/yr, while 5% annual appreciation compiles into $77,331 by year five. Five-year ROI reaches 64.87% and total cumulative return in cash sums $60,193. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,136/mo property income covering a $1,370/mo payment, not borrower’s personal income.

Single Family

Built in 2025

8,407 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to 406 Piper Court in Ossian, IN, a thoughtfully designed single-story home in Crosswind Lakes. This home is located on a homesite backing to a large common area, giving you the privacy and space youve been searching for. With 4 bedrooms, 2 bathrooms, and 1,825 square feet, theres room for everyone. When you walk through the front door, youll find two bedrooms and a full bathroom just off the foyerperfect for guests or a home office setup. Another secondary bedroom is tucked closer to the laundry room. The open-concept great room, casual dining space, and kitchen create a welcoming space for entertaining and relaxing. The kitchen blends style and practicality with white cabinets, miami vena quartz countertops, calacatta sky backsplash, and stainless steel appliances. The center island includes a sink and dishwasher for easy cleanup, and a walk-in pantry gives you all the storage you need. Whether youre hosting friends or enjoying a quiet night in, this kitchen delivers. The owners suite is privately located at the back of the home. It features a spacious bedroom, an en-suite bath with dual sinks, a walk-in shower, and a large walk-in closet. With its thoughtful layout and storage, its a space youll love coming home to. Make your move to Crosswind Lakesschedule your tour of 406 Piper Court today! Photos representative of plan only and may vary as built.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46777, Ossian, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,731 (100%)
Owner Occupied HU	2,141 (78.4%)
Renter Occupied HU	428 (15.7%)
Vacant Housing Units	162 ( 5.9%)
Median Home Value	$227,960
Average Home Value	$267,226