406 W Main St, Worthington, IN, 47471 | $296/mo Cash Flow

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406 W Main St, Worthington, IN, 47471 | $296/mo Cash Flow | Ziffy

For Sale

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 Worthington at 406 W Main St, Worthington, IN, 47471 generates $1,043/mo in rent and, after a $609/mo payment, leaves $296/mo in cash flow. Total monthly income is $1,043/mo, and annual cash flow is $3,552/yr on $41,272 invested. Return on cash invested sits at 28.52% in year one, and rental yield is 10.05% on a $124,500 entry. Equity gained on principal adds $803/yr, while 5% annual appreciation builds toward $34,397 over five years. Five-year ROI reaches 148.88% and total cumulative return in cash sums $61,444. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,043/mo property income rather than buyer’s personal income.

Manufactured

Built in 2001

0.45 Acres lot

$N/A/sqft

No HOA

More details about the property

Charming, manufactured home elevated on a beautiful .45 of an acre lot sitting above the street. Open concept with living room and kitchen. Split floor plan with three bedrooms & 2 full baths plus a laundry room. Spacious side deck shaded beneath the cool shade of a mature maple tree. Large detached carport in the back yard. Move in ready and immediate possession. Easy access to WRV elementary school and city park. Corner lot. Home qualifies for FHA/VA.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47471, Worthington, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,188 (100%)
Owner Occupied HU	826 (69.5%)
Renter Occupied HU	226 (19.0%)
Vacant Housing Units	136 (11.4%)
Median Home Value	$122,464
Average Home Value	$181,262