431 Pheasant Run, Rensselaer, IN, 47978 | $703/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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431 Pheasant Run, Rensselaer, IN, 47978 | $703/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 Rensselaer at 431 Pheasant Run, Rensselaer, IN, 47978 priced at $244,900 pairs $2,173/mo rent with $703/mo cash flow after a $1,199/mo payment. Total monthly income equals $2,173/mo, and annual cash flow comes to $8,431/yr on $81,184 invested. Return on cash invested is 30.29% in year one, and rental yield stands at 10.65% on a $244,900 basis. Equity gained on principal adds $1,580/yr, and 5% annual appreciation accumulates to $67,661 by year five. Five-year ROI measures 158.31% and total cumulative return in cash reaches $128,525. For financing, Ziffy Mortgage’s DSCR program evaluates $2,173/mo property income against a $1,199/mo payment instead of your W2s, 1099s, or Tax returns.

Condo

Built in 2001

N/A lot

$N/A/sqft

No HOA

More details about the property

Clean and well maintained with fresh paint and new carpet, this condo is ready for its new owners to unpack, unwind, and relax. Tucked away in desirable Countryside Subdivision, conveniently located in the heart of Rensselaer, this condo boasts a large master suite, huge living room with vaulted ceilings and fireplace, sliding doors that walk out onto a deck with country views, while offering the convenience of being in town. Enjoy coffee while watching the deer cross through, a walk to the park, or just the peace of mind knowing that this maintenance free living is all yours. Call an agent today!

Neighborhood Data

Neighborhood data shown for ZIP Code: 47978, Rensselaer, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,710 (100%)
Owner Occupied HU	3,173 (67.4%)
Renter Occupied HU	1,190 (25.3%)
Vacant Housing Units	347 ( 7.4%)
Median Home Value	$207,764
Average Home Value	$254,811