4573 E State Road 236, Middletown, IN, 47356 | 5.15% Rental Yield

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Price: $300K - 500K

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4573 E State Road 236, Middletown, IN, 47356 | 5.15% 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

Total monthly income runs $1,439/mo, and a $1,640/mo payment. Purchase price stands at $335,000, and rental yield measures 5.15% with $1,439/mo rent. Return on cash invested shows 13.72% in year one, and 5% annual appreciation builds toward $92,554 over five years. Five-year ROI reaches 69.42% and total cumulative return in cash records $77,096. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,439/mo property income covering a $1,640/mo payment rather than investor’s personal income.

Single Family

Built in 1975

1 Acres lot

$N/A/sqft

No HOA

More details about the property

A little piece of heaven in Middletown. Check out this sprawling ranch with an ideal layout for multi-generational living, wonderful gathering spaces in the heart of the home and back yard, and plenty of storage in the enormous 4 car garage with attached lean-to shed. The kitchen is open to the living space and close to the covered back patio. The patio is the perfect place to watch legendary sunrises/sunsets and features a 20x10 pergola w louvered roof that lets you adjust the amount of sun you want to enjoy. The 24' above ground pool is well maintained and has a brand new pump & awesome deck surround. This lovely one acre parcel is the ideal country setting for gardening, get-togethers, & pool parties. The single level layout is unique. The primary bedroom and adjoining office/nursery are off the largest living room and the kitchen. The kitchen features many updates and tons of storage. The mud room and bar area provide additional space for personalization. A door divides the home into 2 somewhat separate spaces with the west side of the home featuring it's own entrance & laundry, 3 bedrooms, a full bath with bathtub/shower combo, and additional flex spaces. Almost every surface has been touched and improved in last 3 years. New floors, fresh paint, new appliances, new roof, new Bosch furnace/AC, additional 50Amp RV hookup, new well pump & septic riser, refurbished softener and whole house filter, tons of improved exterior concrete work, insulated garage door, MyQ opener, lovely landscaping all in this truly bucolic setting. This is your opportunity to complete a few little projects to make this house your HOME.