4555 E State Road 66, Cannelton, IN, 47520 | 2.62% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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4555 E State Road 66, Cannelton, IN, 47520 | 2.62% Rental Yield | 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 Cannelton at 4555 E State Road 66, Cannelton, IN, 47520 offers a 2.62% rental yield on a $330,000 purchase with $720/mo rent. 08% in year one. Equity gained on principal adds $2,129/yr while 5% annual appreciation supports $91,173 over five years. Portfolio math shows five-year ROI at 28.45% and total cumulative return in cash at $31,127. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $720/mo property income against a $1,615/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 2022

1.54 Acres lot

$N/A/sqft

No HOA

More details about the property

Set on 1.54 acres near the Ohio Riverfront in Cannelton, this inviting two-story home features 4 bedrooms and 2 full bathrooms. The open-concept layout centers around a gas fireplace in the living area and flows into the eat-in kitchen, complete with a center island, stainless steel appliances, and a tiled backsplash. The main floor includes the primary suite with a walk-in closet and a stylish ensuite bath offering a tiled standing shower and double vanity. Two more bedrooms share a full bathroom on the same level, while the fourth bedroom is located upstairs and is ready for your finishing touches. Enjoy the ease of main floor laundry and the bonus of attic storage. Outside, take in peaceful farmland views from the back deck or entertain in the oversized detached garage, which includes bar seating, a mini fridge, and space for up to four vehicles.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47520, Cannelton, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,558 (100%)
Owner Occupied HU	934 (59.9%)
Renter Occupied HU	387 (24.8%)
Vacant Housing Units	237 (15.2%)
Median Home Value	$218,750
Average Home Value	$251,004