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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Berne at 411 E Main St, Berne, IN, 46711 offers $2,484/mo rent that, after a $582/mo payment, leaves $1,564/mo cash flow. Total monthly income is $2,484/mo, and annual cash flow is $18,766/yr on $39,449 cash. Return on cash invested measures 67.48% in year one, and rental yield stands at 25.05% at a $119,000 entry. Equity gained on principal adds $768/yr while 5% annual appreciation compounds into $32,878 by year five. Five-year ROI records 359.97% and total cumulative return in cash reaches $142,001. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,484/mo property income versus a $582/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1915
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46711, Berne, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,889 (100%) |
| Owner Occupied HU | 2,069 (71.6%) |
| Renter Occupied HU | 652 (22.6%) |
| Vacant Housing Units | 168 ( 5.8%) |
| Median Home Value | $220,263 |
| Average Home Value | $290,043 |
Residential
2,870
Single Family
2,566
Multi-Family
304
Businesses
239
Date | Event | Price |
|---|---|---|
| 2024-12-02 | Listing removed | $143,000 |
| 2024-09-20 | Listed for sale | $143,000 |
| 2024-02-12 | Sold | $119,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-01 | $3463.40 | 44.41% | $90,800 | 7.58% |
| 2023-11-01 | $2398.35 | 60.53% | $84,400 | 4.58% |
| 2022-11-01 | $1494.00 | 3.75% | $80,700 | 8.03% |
Listed by: Robert Green • C21 Advance Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202345522
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.
