504 W 10th St, Oolitic, IN, 47451 | $772/mo Cash Flow

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504 W 10th St, Oolitic, IN, 47451 | $772/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 504 W 10th St, Oolitic, IN, 47451 earns $772/mo cash flow from $2,332/mo rent with a $1,272/mo payment. Total monthly income totals $2,332/mo, and annual cash flow totals $9,263/yr on $86,157 capital. ROI tracks 30.66% on current figures, and rental yield reads 10.77% at a $259,900 purchase. Equity gained on principal adds $1,677/yr, and 5% annual appreciation supports $71,806 over five years. Five-year ROI reaches 160.25% and total cumulative return in cash sums $138,070. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,332/mo property income instead of your personal income.

Single Family

Built in 1967

0.34 Acres lot

$N/A/sqft

No HOA

More details about the property

This impressive 2,295 sq ft bi-level home offers 4 bedrooms and 2.5 baths, including a spacious lower level featuring a family room, one of the bedrooms, a half bath, laundry and mechanical room. The upper level boasts bright living spaces and access to an 18 x 10 composite deck perfect for relaxing or entertaining. A 2 car attached garage, concrete driveway, and a quiet neighborhood setting near an elementary school complete the package!

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