407 W South St, Boswell, IN, 47921 | $880/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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407 W South St, Boswell, IN, 47921 | $880/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 Boswell at 407 W South St, Boswell, IN, 47921 earns $880/mo cash flow from $2,315/mo rent with a $1,170/mo payment. Total monthly income totals $2,315/mo, and annual cash flow totals $10,561/yr on $79,229 capital. ROI tracks 33.24% on current figures, and rental yield reads 11.62% at a $239,000 purchase. Equity gained on principal adds $1,542/yr, and 5% annual appreciation supports $66,031 over five years. Five-year ROI reaches 174.15% and total cumulative return in cash sums $137,976. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,315/mo property income instead of your personal income.

Single Family

Built in 1975

0.57 Acres lot

$N/A/sqft

No HOA

More details about the property

Well built brick ranch home on dead end road on the far south west side of Boswell. Fenced in back yard with additional space backing up to an agricultural field. 30 minute drive to the Purdue airport. 45 minute drive to CAT in Lafayette. Currently going on a remodel with new paint, flooring and tiling. Kitchen brings a ton of cabinetry, with a perfect breakfast counter. Kitchen sink window looks out to the backyard. Jen-Air stove and gas cooktop. New refrigerator. Attached dining room with a sliding glass door leading to the patio. Good flow for entertaining. Spacious bedrooms and closet. Wish it had an attached bathroom to the master, but it does not. Don't let this rule it out though. Hallway leads to each bedroom from the living room. Living room has main entry and large glass window facing out to the street. Come home from work and park in your 2 car heated garage. Walk into the hallway or down into the finished basement with fireplace. Washer and dryer in the mechanical room in the basement. City water, sewer, trash. Mainstream fiber for internet. NIPSCO for gas and electric. Pictures coming! Contact seller if interested and want to have input on flooring, colors or any other upgrades.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47921, Boswell, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	467 (100%)
Owner Occupied HU	296 (63.4%)
Renter Occupied HU	115 (24.6%)
Vacant Housing Units	56 (12.0%)
Median Home Value	$205,556
Average Home Value	$192,475