431 N 3rd St, Scottsburg, IN, 47170 | $406/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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431 N 3rd St, Scottsburg, IN, 47170 | $406/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 Scottsburg at 431 N 3rd St, Scottsburg, IN, 47170 generates $1,756/mo in rent and, after a $1,101/mo payment, leaves $406/mo in cash flow. Total monthly income is $1,756/mo, and annual cash flow is $4,869/yr on $74,554 invested. Return on cash invested sits at 26.44% in year one, and rental yield is 9.37% on a $224,900 entry. Equity gained on principal adds $1,451/yr, while 5% annual appreciation builds toward $62,136 over five years. Five-year ROI reaches 137.62% and total cumulative return in cash sums $102,601. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,756/mo property income rather than buyer’s personal income.

Single Family

Built in 1982

0.52 Acres lot

$N/A/sqft

No HOA

More details about the property

Can we talk about THIS ONE!? 3 Bedroom - 2 Bath - LOFT - 2 Car Garage with Breezeway on quiet .52 AC double lot! Fireplace? Check. A spot to binge your favorite shows? Absolutely. The main level keeps things easy - open living space, a fireplace for those chilly nights binge watching your fav show, and a kitchen that says "sure, order takeout, but at least pretend you're going to cook" as you peer across the passthrough into the main living area! Upstairs is a whole vibe of its own. Join us in the Master suite which is not only sizable, but also has its own private deck access! Sipping coffee while overlooking the grassy & quiet .52AC lot? Please & Thank You! The loft flexes to whatever you need - office, game room, reading corner, yoga mat. Sloped ceilings make it feel cozy without feeling cramped, and the bedrooms each are sizable for your needs! A FULL UPDATED Bathroom on each level is ready when you need them (because waiting in line at home is SO overrated!) More exciting info? Of course, if you insist! Main Level windows, updated within the last year, full fresh paint job, new switch/outlet plates, updated kitchen/bathroom, updated flooring, new gravel in drive and SO many other features that display pride of homeownership! Fridge (X2), Oven/Range, Range Hood, Washer/Dryer, Storage Shed, Playset & Sandbox convey! Seriously.... See You Soon!

Neighborhood Data

Neighborhood data shown for ZIP Code: 47170, Scottsburg, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,833 (100%)
Owner Occupied HU	4,256 (62.3%)
Renter Occupied HU	1,960 (28.7%)
Vacant Housing Units	617 ( 9.0%)
Median Home Value	$185,872
Average Home Value	$216,799