428 Mercer Ave, Decatur, IN, 46733 | $307/mo Cash Flow | Ziffy
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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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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 Decatur at 428 Mercer Ave, Decatur, IN, 46733 uses $53,007 cash to close to unlock $3,681/yr annual cash flow and $307/mo monthly cash flow. Total monthly income runs $1,267/mo, and a $783/mo payment keeps the spread at $307/mo. Purchase price stands at $159,900, and rental yield measures 9.51% with $1,267/mo rent. Return on cash invested shows 26.85% in year one, and 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 139.85% and total cumulative return in cash records $74,130. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,267/mo property income covering a $783/mo payment rather than investor’s personal income.

Single Family

Built in 1920

10,018 sqft lot

$N/A/sqft

No HOA

More details about the property

Easy To Show! This 3 bedroom, 1 Bath, Features and open floorplan with natural hardwood floors thought-out! Kitchen Appliances included in the sale! Newer furnace & Central air, 1 car detached garage and 8'x12' Lofted shed! All situated just south of downtown Decatur!!

Neighborhood Data

Neighborhood data shown for ZIP Code: 46733, Decatur, IN area.

Housing Distribution

Housing Statistics

CategoryValue
Total HU (Housing Units)8,091 (100%)
Owner Occupied HU5,906 (73.0%)
Renter Occupied HU1,700 (21.0%)
Vacant Housing Units485 ( 6.0%)
Median Home Value$216,630
Average Home Value$273,796

Address Breakdown

Residential

7,603

Single Family

7,462

Multi-Family

141

Businesses

584

Price History

Date

Event

Price

No price history data available

Tax History

Date

Tax Paid

Tax Increase Rate

Value

Value Increase Rate

No tax history data available
Loan officer
Loan officer
Loan officer
Powered by
Ziffy Mortgage
NMLS #2625701
Get Pre-Approved

Facts & Features

General Information

  • Type: SingleFamily
  • Year Built: 1920
  • Architectural Style: N/A
  • Building Area: N/A
  • Living Area: N/A
  • Property Condition: N/A

Features & Amenities

  • Heating: N/A
  • Cooling: N/A
  • Flooring: N/A
  • Interior Features: N/A
  • Exterior Features: N/A
  • Parking Features: Detached, Garage Door Opener

Location

  • City: Decatur
  • State: IN
  • Subdivision: N/A
  • Lot Size: 10,018 sqft
  • Lot Features: N/A
  • View: N/A

HOA & Fees

  • HOA Fee: N/A
  • Association Fee: N/A
  • Fees & Dues: N/A
  • Association Amenities: N/A
  • Association Fee Includes: N/A

Utilities

  • Utilities: N/A
  • Sewer: N/A
  • Water Source: N/A
  • Road Surface Type: N/A

School Information

  • Elementary School: N/A
  • Middle School: N/A
  • High School: N/A

Listed by: Trevor Gray • Krueckeberg Auction And Realty 

Mls Name: IRMLS

Mls ID: #202545403

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