423 E 2nd St, Seymour, IN, 47274 | $294/mo Cash Flow

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423 E 2nd St, Seymour, IN, 47274 | $294/mo Cash Flow | 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 Seymour at 423 E 2nd St, Seymour, IN, 47274 listed at $185,000 pairs $1,404/mo rent with a $905/mo payment to leave $294/mo cash flow. Total monthly income runs $1,404/mo, and annual cash flow reaches $3,528/yr on $61,328 cash to close. Return on cash invested measures 25.66% in year one, and rental yield registers 9.11% at a $185,000 basis. Equity gained on principal adds $1,194/yr, and annual property appreciation at 5% supports $51,112 by year five. Five-year ROI tracks 133.43% and total cumulative return in cash totals $81,831. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,404/mo property income relative to a $905/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1890

5,662 sqft lot

$N/A/sqft

No HOA

More details about the property

"They just don't make them like this anymore" - a 5 Bedroom 2 Bath Home where this saying rings true peering out the curved architecture statement windows that adorn the front of the home and even as you mosey through the halls. Formal Dining, Den/Library Room, 35' Recreational space upstairs and closets in the upstairs rooms the size of bedrooms! The options are endless how you can define this space as your own. At one time, chairs and little feet lined the porch. Over 30 years of ownership where the seasons of life in this home raised children, was a craft store, and even remnants of the wall magnets where it served as a daycare. Hardwood Floors, transom windows over the doorways, bay windows, brushed brass hardware and 3 ply thick original doors. Ornate trim that has seen more Holiday Dinners around the fire than anyone viewing reading this description. The home undoubtedly comes with needing some TLC - though aging gracefully has chipping paint, and other aged aesthetics. The next owner should know that while elbow grease will need to be in supply, the home offers a new Heil Furnace (2024) and Water Heater (2024) - Electrical Panel updated in 2016. Fenced in Backyard with the flowers that make cottage living envious. Phlox that billows over the walls of the yard with purple blooms in spring, Marigolds, Black-Eyed Susans, Rose-of-sharon, Icebox, Lillies & so much more. Offered for Cash/Conventional loans only. See You Soon!