485 N Russell Street, West Baden Springs, IN, 47469 | 6.24% Rental Yield

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 West Baden Springs at 485 N Russell Street, West Baden Springs, IN, 47469 priced at $299,999 converts $1,560/mo rent into after a $1,468/mo obligation. Total monthly income equals $1,560/mo. Return on cash invested prints 17.01% in year one, and rental yield reads 6.24% against a $299,999 entry. Equity gained on principal adds $1,936/yr, while 5% annual appreciation compiles into $82,884 by year five. Five-year ROI reaches 87.06% and total cumulative return in cash sums $86,580. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,560/mo property income covering a $1,468/mo payment, not borrower’s personal income.

Single Family

Built in 2025

0.34 Acres lot

$N/A/sqft

No HOA

More details about the property

**OPEN HOUSE FRIDAY OCTOBER 10th, 3:00 - 5:00PM** NEW BUILD HOME with the PERFECT LOCATION...directly across the street from West Baden Springs Community Park. It is literally 3-4 minutes from West Baden Springs Hotel, French Lick Resort & Casino, grocery store, shops, & restaurants. This is a PRIME location with wonderful walkability to all the area has to offer. The possibilities are endless with this home...private residence, INVESTMENT as an AIR BNB, or a short term rental...you decide. This beautiful 3 Bedroom 2 bath home boasts 1457 finished sq ft w/3 bedrooms & 2 baths. The home has an open concept living, dining, & kitchen w/split bedroom floor plan. The primary bedroom has an EnSite bath and a walk in closet. The home has covered front and back porches to sit and enjoy the evening. Live right across from the park & take advantage of all the park has to offer right out your own front door. The inside in not complete but shall be within 6-10 weeks. Write an offer today and close on it in 6 weeks just as the home is being completed.