410 S 1st St, Kingman, IN, 47952 | Equity Gain $1,613/yr

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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410 S 1st St, Kingman, IN, 47952 | Equity Gain $1,613/yr | 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 Kingman at 410 S 1st St, Kingman, IN, 47952 offers a 0% rental yield on a $250,000 purchase with $0/mo rent. 83% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,070 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $1,224/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 2011

0.53 Acres lot

$N/A/sqft

No HOA

More details about the property

Well-maintained and move-in ready, this fully brick 2-bedroom home features a versatile 3rd room, ideal for an office or nursery, along with 2 full baths. The spacious kitchen boasts Corian countertops, perfect for cooking and entertaining. The attached garage is equipped with a kitchenette, a full bath, and a new furnace (installed within the last year), while the main home has its own separate furnace. A tall carport with a 12' center height provides additional covered parking, and two more outbuildings add excellent storage and workspace options-one is an all-metal building with power, and the other a portable garage building. Sitting on just over a half-acre lot, this property offers both functionality and flexibility, making it a great opportunity for a variety of lifestyles.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47952, Kingman, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,392 (100%)
Owner Occupied HU	893 (64.2%)
Renter Occupied HU	226 (16.2%)
Vacant Housing Units	273 (19.6%)
Median Home Value	$218,029
Average Home Value	$227,340