413 E Shawnee Ln, Attica, IN, 47918 | 6.43% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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413 E Shawnee Ln, Attica, IN, 47918 | 6.43% Rental Yield | 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

Rental property for sale in Attica at 413 E Shawnee Ln, Attica, IN, 47918 offers $1,601/mo rent that, after a $1,463/mo payment. Total monthly income is $1,601/mo. Return on cash invested measures 17.57% in year one, and rental yield stands at 6.43% at a $299,000 entry. Equity gained on principal adds $1,929/yr while 5% annual appreciation compounds into $82,608 by year five. Five-year ROI records 90.05% and total cumulative return in cash reaches $89,254. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,601/mo property income versus a $1,463/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1962

2.56 Acres lot

$N/A/sqft

No HOA

More details about the property

Charming Brick Ranch on 2.56 Acres Attica, Indiana. Waterfront property on 2 parcels! 30 Miles from Lafayette! 30 miles from Crawfordsville! Discover this well-maintained 1522 sq. ft. brick ranch situated on 3.5 acres of beautifully landscaped grounds near scenic Big Shawnee Creek. This peaceful property offers the perfect balance of country living with the convenience of nearby amenities. Inside, the home features 3 bedrooms, 2 full baths, laundry shoot and a cozy wood-burning fireplace. The Anderson sliding glass door and Anderson windows (except for two) bring in abundant natural light. A new furnace and air conditioner (installed 4 years ago) and updated plumbing (7 years ago) ensure comfort and peace of mind. The septic system was cleaned this year. This property includes 2 parcels. Appliances included: refrigerator, washer, and dryer. Outside, the property offers endless opportunitiesspace for an orchard, fishing, excellent bird watching, and room to enjoy the outdoors. Youll love the quiet surroundings, friendly neighbors, and the beauty of the naturally landscaped acreage. Existing Home Warranty can be purchased by the buyer.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47918, Attica, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,831 (100%)
Owner Occupied HU	1,954 (69.0%)
Renter Occupied HU	565 (20.0%)
Vacant Housing Units	312 (11.0%)
Median Home Value	$168,497
Average Home Value	$208,433