501 W Sherman St, Lynn, IN, 47355 | $223/mo Cash Flow

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501 W Sherman St, Lynn, IN, 47355 | $223/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 Lynn at 501 W Sherman St, Lynn, IN, 47355 with 5% annual appreciation on a $124,000 basis while $967/mo rent supports operations. Total monthly income totals $967/mo and a $607/mo payment preserves $223/mo for cash returns. Annual cash flow comes to $2,671/yr on $41,106 deployed, and return on cash invested reaches 26.41% in year one. Equity gained on principal adds $800/yr, and five-year appreciation sums $34,259 alongside rental yield of 9.36%. Five-year ROI measures 137.51% and total cumulative return in cash totals $56,523.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $967/mo property income versus a $607/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Manufactured

Built in 1996

6,969 sqft lot

$N/A/sqft

No HOA

More details about the property

Great floor plan, Eat In Kitchen, Nice size Liv Room, 3 Bedrooms and 2 full baths and a detached 2 car garage on a corner lot! Furnace and Central Air only 1 year old! Needs some TLC, so won't go insured loans. Selling As Is.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47355, Lynn, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,185 (100%)
Owner Occupied HU	822 (69.4%)
Renter Occupied HU	268 (22.6%)
Vacant Housing Units	95 ( 8.0%)
Median Home Value	$116,398
Average Home Value	$155,657