5122 W 700 N, Delphi, IN, 46923 | $240/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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5122 W 700 N, Delphi, IN, 46923 | $240/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

Rental property for sale in Delphi at 5122 W 700 N, Delphi, IN, 46923 generates $1,050/mo in rent and, after a $660/mo payment, leaves $240/mo in cash flow. Total monthly income is $1,050/mo, and annual cash flow is $2,886/yr on $44,719 invested. Return on cash invested sits at 26.36% in year one, and rental yield is 9.34% on a $134,900 entry. Equity gained on principal adds $870/yr, while 5% annual appreciation builds toward $37,270 over five years. Five-year ROI reaches 137.27% and total cumulative return in cash sums $61,385. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,050/mo property income rather than buyer’s personal income.

Single Family

Built in 2001

2.01 Acres lot

$N/A/sqft

No HOA

More details about the property

Come enjoy this country home on 2 acres that is waiting for your creative and handy touches. Featuring a spacious covered front porch and an open concept Living Rm and Kitchen w/ Dining area. This home also features 1 bedroom on the main floor. Currently no bathroom as there is finishing needed in the back of home. There are 3 extra rooms on the 2nd floor that could be finished into extra bedrooms if desired. Property also offers an attached 22x20 two car garage, with a workshop as well as a large Pavilion for entertaining. This property is eligible under the Freddie Mac First Look Initiative (owner occupants only) through October 10, 2025.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46923, Delphi, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,476 (100%)
Owner Occupied HU	2,521 (72.5%)
Renter Occupied HU	683 (19.6%)
Vacant Housing Units	272 ( 7.8%)
Median Home Value	$171,232
Average Home Value	$207,676