424 E Oak St, Boonville, IN, 47601 | $471/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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424 E Oak St, Boonville, IN, 47601 | $471/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

Rental property for sale in Boonville at 424 E Oak St, Boonville, IN, 47601 priced at $194,900 pairs $1,641/mo rent with $471/mo cash flow after a $954/mo payment. Total monthly income equals $1,641/mo, and annual cash flow comes to $5,652/yr on $64,609 invested. Return on cash invested is 28.66% in year one, and rental yield stands at 10.1% on a $194,900 basis. Equity gained on principal adds $1,258/yr, and 5% annual appreciation accumulates to $53,847 by year five. Five-year ROI measures 149.48% and total cumulative return in cash reaches $96,579. For financing, Ziffy Mortgage’s DSCR program evaluates $1,641/mo property income against a $954/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1920

6,969 sqft lot

$N/A/sqft

No HOA

More details about the property

Simply sweet and full of charm, this 3-bedroom, 2-bath home is ready for its new owner. Situated on a desirable corner lot, the property is fully fenced with a classic white picket front yard and a spacious yard beyond. A welcoming covered front porch opens into a large living room that flows seamlessly into the dining area and eat-in kitchen. The kitchen offers ample cabinet space and stainless-steel appliances, while the updated main-floor full bath also includes a convenient laundry area with stackable washer and dryer. There is also a main floor bedroom. Upstairs, youll find two additional bedrooms and another full bath, along with excellent storageincluding two walk-in closets and a bonus unfinished attic area. Outside, the detached 2-car garage provides additional storage and parking, while the fenced yard creates plenty of room. This home blends comfort, function, and charm in one inviting package

Neighborhood Data

Neighborhood data shown for ZIP Code: 47601, Boonville, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,063 (100%)
Owner Occupied HU	4,644 (76.6%)
Renter Occupied HU	1,004 (16.6%)
Vacant Housing Units	415 ( 6.8%)
Median Home Value	$231,570
Average Home Value	$282,098