408 E Main StButlerIN46721
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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
Investment Highlights
Investment property for sale in Butler at 408 E Main St, Butler, IN, 46721 earns $215/mo cash flow from $995/mo rent with a $636/mo payment. Total monthly income totals $995/mo, and annual cash flow totals $2,580/yr on $43,062 capital. ROI tracks 25.9% on current figures, and rental yield reads 9.19% at a $129,900 purchase. Equity gained on principal adds $838/yr, and 5% annual appreciation supports $35,889 over five years. Five-year ROI reaches 134.86% and total cumulative return in cash sums $58,075. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $995/mo property income instead of your personal income.
Single Family
Built in 1900
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46721, Butler, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,020 (100%) |
| Owner Occupied HU | 1,438 (71.2%) |
| Renter Occupied HU | 465 (23.0%) |
| Vacant Housing Units | 117 ( 5.8%) |
| Median Home Value | $187,209 |
| Average Home Value | $231,507 |
Housing Distribution
Address Breakdown
Residential
1,931
Single Family
1,928
Multi-Family
3
Businesses
117
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Listed by: Patrick Hagan • Coldwell Banker Real Estate Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202524571
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.