502 Seward Ln, Fairmount, IN, 46928 | $705/mo Cash Flow

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 Fairmount at 502 Seward Ln, Fairmount, IN, 46928 offers a 11.65% rental yield on a $189,900 purchase with $1,844/mo rent. Total monthly income registers $1,844/mo, and a $929/mo payment leaves $705/mo available for distribution. Annual cash flow reaches $8,454/yr on $62,952 to close, and return on cash invested stands at 33.34% in year one. Equity gained on principal adds $1,225/yr while 5% annual appreciation supports $52,466 over five years. Portfolio math shows five-year ROI at 174.64% and total cumulative return in cash at $109,937. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,844/mo property income against a $929/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1972

0.34 Acres lot

$N/A/sqft

No HOA

More details about the property

Gorgeous all brick ranch home in the heart of Fairmount! What a wonderful location-tucked away in a quiet cul-de-sac surrounded by beautiful homes. You'll fall in love the moment you arrive! Step inside to a charming living room that opens into a spacious, open-concept kitchen, dining, and family room featuring a cozy fireplace. This home offers 3 comfortable bedrooms and 2 full baths. The kitchen has been completely remodeled and includes all appliances. Enjoy the amazing backyard with plenty of space to relax or play, plus a storage shed for convenience. A nice 2-car attached garage completes the package. You won't be disappointed-this one is move-in ready and absolutely delightful!

Neighborhood Data

Neighborhood data shown for ZIP Code: 46928, Fairmount, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,077 (100%)
Owner Occupied HU	1,510 (72.7%)
Renter Occupied HU	394 (19.0%)
Vacant Housing Units	173 ( 8.3%)
Median Home Value	$142,808
Average Home Value	$185,599