415 W Wabash St, Berne, IN, 46711 | $764/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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415 W Wabash St, Berne, IN, 46711 | $764/mo Cash Flow | Ziffy

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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 Berne at 415 W Wabash St, Berne, IN, 46711 offers $1,874/mo rent that, after a $905/mo payment, leaves $764/mo cash flow. Total monthly income is $1,874/mo, and annual cash flow is $9,168/yr on $61,328 cash. Return on cash invested measures 34.86% in year one, and rental yield stands at 12.16% at a $185,000 entry. Equity gained on principal adds $1,194/yr while 5% annual appreciation compounds into $51,112 by year five. Five-year ROI records 182.74% and total cumulative return in cash reaches $112,071. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,874/mo property income versus a $905/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1939

7,840 sqft lot

$N/A/sqft

No HOA

More details about the property

Charming Move-In Ready Ranch in Berne! Welcome to this beautifully maintained Berne ranch offering comfort, convenience, and plenty of space to make your own. Featuring 3 spacious bedrooms and 2 full bathrooms, this home is designed for easy living with generous closets. Including walk-in closets in two bedrooms and ample storage throughout. Step inside to a bright, open layout complemented by a finished basement with new carpet ideal for a second living area, home office, or entertaining space with the second bathroom downstairs. Out back, you'll find a heated 2.5 car detached garage with three overhead doors, perfect for winter parking, hobbies, or extra storage. The property also includes a 10x16 utility shed and a 4x9 tool shed, giving you even more room to stay organized. Recent updates bring peace of mind. Refrigerator, stove, dishwasher, and garbage disposal all newly installed in 2025. New furnace installed May 2025. Sump pump 2024. Central Air 5 years old. Roof around 10 years old. All appliances stay with the home As Is. Dont miss your opportunity to own this well loved, move in ready home in a desirable Berne location. Schedule your showing today and see everything this inviting property has to offer!

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