508 W 5th St, Bicknell, IN, 47512 | $688/mo Cash Flow

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508 W 5th St, Bicknell, IN, 47512 | $688/mo Cash Flow | Ziffy

Pending

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 Bicknell at 508 W 5th St, Bicknell, IN, 47512 offers a 12.9% rental yield on a $145,000 purchase with $1,559/mo rent. Total monthly income registers $1,559/mo, and a $710/mo payment leaves $688/mo available for distribution. Annual cash flow reaches $8,259/yr on $48,068 to close, and return on cash invested stands at 37.09% in year one. Equity gained on principal adds $936/yr while 5% annual appreciation supports $40,061 over five years. Portfolio math shows five-year ROI at 194.82% and total cumulative return in cash at $93,644. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,559/mo property income against a $710/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1919

9,147 sqft lot

$N/A/sqft

No HOA

More details about the property

Charming and updated 2 bedroom, 1.5 bath home located on a quiet street in Bicknell. This home offers tall ceilings, a spacious open-concept layout, and modern finishes throughout. The main living area flows easily into the kitchen and dining spaces, making it great for both everyday living and entertaining. The full bathroom has been beautifully remodeled, and the additional half bath adds functionality for guests or busy mornings. Both bedrooms are generously sized with good closet space. Outside, the home features a welcoming front porch, attractive curb appeal, and a detached one-car garage. The full basement is unfinished but very usable, offering ample storage or potential for additional living space. This home is move-in ready and has been well cared for, making it a great option for a first-time buyer, downsizer, or anyone looking for an affordable home with updates already done.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47512, Bicknell, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,031 (100%)
Owner Occupied HU	1,175 (57.9%)
Renter Occupied HU	504 (24.8%)
Vacant Housing Units	352 (17.3%)
Median Home Value	$96,475
Average Home Value	$144,134