407 N Harris St, Bourbon, IN, 46504 | $378/mo Cash Flow

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 Bourbon at 407 N Harris St, Bourbon, IN, 46504 at $284,900 posts ROI 24.71% with $378/mo cash flow from $2,088/mo rent. Total monthly income equals $2,088/mo, and annual cash flow records $4,539/yr on $94,444 to close. Return on cash invested measures 24.71% and rental yield reads 8.79% at the current $284,900. Equity gained on principal adds $1,838/yr, and 5% annual appreciation supports $78,713 by year five. Five-year ROI prints 128.4% and total cumulative return in cash totals $121,271.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,088/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Single Family

Built in 1900

10,833 sqft lot

$N/A/sqft

No HOA