500 W 11th St, Oolitic, IN, 47451 | $286/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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500 W 11th St, Oolitic, IN, 47451 | $286/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

Investment property for sale in Oolitic at 500 W 11th St, Oolitic, IN, 47451 uses $112,677 cash to close to unlock $3,435/yr annual cash flow and $286/mo monthly cash flow. Total monthly income runs $2,327/mo, and a $1,664/mo payment keeps the spread at $286/mo. Purchase price stands at $339,900, and rental yield measures 8.22% with $2,327/mo rent. Return on cash invested shows 22.96% in year one, and 5% annual appreciation builds toward $93,908 over five years. Five-year ROI reaches 118.97% and total cumulative return in cash records $134,051. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,327/mo property income covering a $1,664/mo payment rather than investor’s personal income.

Single Family

Built in 2019

0.42 Acres lot

$N/A/sqft

No HOA

More details about the property

Looking for that country feel and hilltop views but close to conveniences? This nearly new, quality custom built home is located on a peaceful street tucked away perfectly between Bedford and Bloomington. Pristinely maintained ranch over a full walkout basement with all the amenities and features you would expect in a home of this caliber. Designed with an easy-flow floor plan and several accessible features including widened doorways, single step oversized shower in primary ensuite, and a multi-purpose ramp leading from the garage into the mud room. The great room has a lovely fireplace focal point, a dining space next to the french doors leading out to the covered deck space for alfresco dining. The chef's kitchen is the heart of this home with custom kitchen cabinetry, corian countertops with seamless sinks, subway tile backsplash, massive pantry, and stainless appliances. Hand scraped hardwood floors, neutral paint color palette, plush carpet, and tons of storage options. The garage has an additional workshop space, overhead gas heater, finished floor with floor drain. Built with quality finishes and top-tier workmanship, 2x6 construction, unfinished walkout basement plumbed for a full bath and ready for a fourth bedroom build out, and easy access to all mechanicals. Outside the surrounding views are breathtaking. Enjoy the tranquility of your rear upper-level deck constructed of engineered decking with wraparound walkway for easy, no-step access. Blacktop drive, cozy front porch, lovely landscaping, and abundant curb appeal . Whether your forever home or your first home, this is a home you will want to tour!

Neighborhood Data

Neighborhood data shown for ZIP Code: 47451, Oolitic, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	586 (100%)
Owner Occupied HU	384 (65.5%)
Renter Occupied HU	137 (23.4%)
Vacant Housing Units	65 (11.1%)
Median Home Value	$165,833
Average Home Value	$195,488