412 Wabash St, Berne, IN, 46711 | $215/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 Berne at 412 Wabash St, Berne, IN, 46711 with 5% annual appreciation on a $215,000 basis while $1,505/mo rent supports operations. Total monthly income totals $1,505/mo and a $1,052/mo payment preserves $215/mo for cash returns. Annual cash flow comes to $2,577/yr on $71,273 deployed, and return on cash invested reaches 23.52% in year one. Equity gained on principal adds $1,387/yr, and five-year appreciation sums $59,401 alongside rental yield of 8.4%. Five-year ROI measures 122% and total cumulative return in cash totals $86,953.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,505/mo property income versus a $1,052/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1961

0.33 Acres lot

$N/A/sqft

No HOA

More details about the property

Dont miss this beautifully updated home featuring an open floor plan and a huge double lot yardperfect for entertaining or relaxing in your own private space. This 4-bedroom, 2.5-bath gem includes a spacious master suite with a walk-in closet and a completely remodeled master bath. The kitchen has been tastefully updated and comes with appliances that are just 3 years old. The home also features a new furnace, updated flooring, fresh paint throughout, and a brand new back deck. Additional upgrades include a professionally installed electrical panel, a water heater and HVAC system that are both just 2 years old, and a washer and dryer that are only 3 years oldand they stay with the home. Located in a desirable, central Berne neighborhood, this move-in ready home offers style, comfort, and peace of mind with modern upgrades throughout. Schedule your showing today!

Neighborhood Data

Neighborhood data shown for ZIP Code: 46711, Berne, IN area.

Housing Distribution

Housing Statistics

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