407 N 3rd St, Kentland, IN, 47951 | $254/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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407 N 3rd St, Kentland, IN, 47951 | $254/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

Investment property for sale in Kentland at 407 N 3rd St, Kentland, IN, 47951 uses $76,079 cash to close to unlock $3,044/yr annual cash flow and $254/mo monthly cash flow. Total monthly income runs $1,631/mo, and a $1,123/mo payment keeps the spread at $254/mo. Purchase price stands at $229,500, and rental yield measures 8.53% with $1,631/mo rent. Return on cash invested shows 23.91% in year one, and 5% annual appreciation builds toward $63,407 over five years. Five-year ROI reaches 124.06% and total cumulative return in cash records $94,386. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,631/mo property income covering a $1,123/mo payment rather than investor’s personal income.

Single Family

Built in 1904

8,498 sqft lot

$N/A/sqft

No HOA

More details about the property

4-Bedroom 3 bath Turn-of-the-Century Victorian with a relaxing front porch. Double door foyer opens up to the Central Corridor with original woodwork, original open staircase and stained-glass window. Spacious parlor has original fireplace, high ceilings approximately 10 Ft. and original woodwork, pocket doors leading to over-sized living/dining room. The vast entertaining kitchen has oversized 6 ft. island, stainless steel gas range & refrigerator with French doors opening up to deck & patio. The oversized primary bedroom with dressing area or sitting room and full bath is located on the 2nd floor. Walkup attic has vaulted ceiling for future living space. Home has a 1-car attached garage, storage shed, oversized concrete patio, fenced in deck & corner lot. Home is 2 blocks from grocery, downtown Kentland & community park with swimming pool.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47951, Kentland, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	990 (100%)
Owner Occupied HU	671 (67.8%)
Renter Occupied HU	244 (24.6%)
Vacant Housing Units	75 ( 7.6%)
Median Home Value	$111,384
Average Home Value	$138,081