505 W Darby Dr, Otterbein, IN, 47970 | $740/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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505 W Darby Dr, Otterbein, IN, 47970 | $740/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 Otterbein at 505 W Darby Dr, Otterbein, IN, 47970 with 5% annual appreciation on a $185,000 basis while $1,850/mo rent supports operations. Total monthly income totals $1,850/mo and a $905/mo payment preserves $740/mo for cash returns. Annual cash flow comes to $8,880/yr on $61,328 deployed, and return on cash invested reaches 34.39% in year one. Equity gained on principal adds $1,194/yr, and five-year appreciation sums $51,112 alongside rental yield of 12%. Five-year ROI measures 180.24% and total cumulative return in cash totals $110,535.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,850/mo property income versus a $905/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1981

7,840 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this charming 3-bedroom, 1-bath home, recently updated and ready for its new owners! Inside, youll find a bright and inviting layout with fresh finishes throughout, including a fully remodeled bathroom showcasing modern style and comfort. Outside, enjoy a spacious concrete patio, fenced-in yard, and a cozy firepitideal for relaxing or entertaining. The home also features newer appliances, a fairly new water heater, and a recently updated roof, offering added peace of mind. As a bonus, the patio furniture and dining room table and chairs are included with the sale. Updated, comfortable, and full of charmthis home is a must-see!

Neighborhood Data

Neighborhood data shown for ZIP Code: 47970, Otterbein, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	749 (100%)
Owner Occupied HU	519 (69.3%)
Renter Occupied HU	153 (20.4%)
Vacant Housing Units	77 (10.3%)
Median Home Value	$211,735
Average Home Value	$255,217