502 R St, Bedford, IN, 47421 | $815/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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502 R St, Bedford, IN, 47421 | $815/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

Rental property for sale in Bedford at 502 R St, Bedford, IN, 47421 generates $3,209/mo in rent and, after a $1,952/mo payment, leaves $815/mo in cash flow. Total monthly income is $3,209/mo, and annual cash flow is $9,779/yr on $132,235 invested. Return on cash invested sits at 27.3% in year one, and rental yield is 9.65% on a $398,900 entry. Equity gained on principal adds $2,574/yr, while 5% annual appreciation builds toward $110,209 over five years. Five-year ROI reaches 142.24% and total cumulative return in cash sums $188,094. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,209/mo property income rather than buyer’s personal income.

Single Family

Built in 1910

10,454 sqft lot

$N/A/sqft

No HOA

More details about the property

Simply amazing home! Over 4000 sqft of beauty awaits you. As you're welcomed into this home you will find a dining room, living room, well-appointed kitchen, and a family room meant for gathering. The primary bedroom offers one amazing closet, a full bath with double vanities, another closet off the bath, and a bonus covered porch perfect for a book or coffee. The upstairs has two nice sized bedrooms, full bath, and a bonus office/den space. And then there's the garage, wow! 3 cars, drive-thru, with plenty of storage, a 3-bay utility sink, washer/dryer hook up, and access to the back patio and half bath. But we're not done! There's an in-ground pool! The pool area has plenty of space for fun, including a fire pit. It's time to make some memories at 502 R Street.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47421, Bedford, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	12,866 (100%)
Owner Occupied HU	8,906 (69.2%)
Renter Occupied HU	2,874 (22.3%)
Vacant Housing Units	1,086 ( 8.4%)
Median Home Value	$213,813
Average Home Value	$236,330