503 E Main St, Van Buren, IN, 46991 | $480/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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503 E Main St, Van Buren, IN, 46991 | $480/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 Van Buren at 503 E Main St, Van Buren, IN, 46991 uses $39,780 cash to close to unlock $5,760/yr annual cash flow and $480/mo monthly cash flow. Total monthly income runs $1,200/mo, and a $587/mo payment keeps the spread at $480/mo. Purchase price stands at $120,000, and rental yield measures 12% with $1,200/mo rent. Return on cash invested shows 34.39% in year one, and 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 180.2% and total cumulative return in cash records $71,683. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,200/mo property income covering a $587/mo payment rather than investor’s personal income.

Single Family

Built in 1940

1 Acres lot

$N/A/sqft

No HOA

More details about the property

Don't miss this unique opportunity to own a one-acre property with incredible potential. The existing home offers solid bones and is ready for a full remodel to truly make it your own. An attached two-car garage provides ample space for parking and storage, and just off the garage is a sunroom that could be transformed into a cozy retreat, hobby area, or bonus living space. In addition to the main home, the property includes a well-maintained 864-square-foot outbuilding thats perfect for a workshop, studio, or additional storage. One of the standout features of this property is the presence of two separate water and sewer hookups beyond the main home's utilitiesideal for future development, RV parking, or potential accessory dwellings. This property also offers the option to be divided and sold as separate parcels, making it a flexible investment for homeowners, builders, or developers. With the right vision and updates, this property could be something truly special. Come explore the possibilities today!

Neighborhood Data

Neighborhood data shown for ZIP Code: 46991, Van Buren, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	664 (100%)
Owner Occupied HU	477 (71.8%)
Renter Occupied HU	110 (16.6%)
Vacant Housing Units	77 (11.6%)
Median Home Value	$175,893
Average Home Value	$265,231