513 S Kerkhoff Ave, Otterbein, IN, 47970 | $93/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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513 S Kerkhoff Ave, Otterbein, IN, 47970 | $93/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 Otterbein at 513 S Kerkhoff Ave, Otterbein, IN, 47970 offers $1,533/mo rent that, after a $1,174/mo payment, leaves $93/mo cash flow. Total monthly income is $1,533/mo, and annual cash flow is $1,117/yr on $79,527 cash. Return on cash invested measures 21.31% in year one, and rental yield stands at 7.67% at a $239,900 entry. Equity gained on principal adds $1,548/yr while 5% annual appreciation compounds into $66,280 by year five. Five-year ROI records 110.19% and total cumulative return in cash reaches $87,631. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,533/mo property income versus a $1,174/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1978

8,929 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to 513 S. Kerkhoff Ave. in Otterbein! You don't want to miss out on this one! Totally & tastefully remodeled inside, & move-in ready! You'll feel like you're stepping into a new home! This home abounds with natural light, & features 4 bedrooms, 2 full baths, & 1440 sq ft of living space. New paint, floors, windows, Central Air, range, dishwasher, refrigerator, bathroom fixtures, light fixtures, front door, patio doors, deck, siding, gutters & more! You'll find plenty of entertaining space in the home, & on the new deck. Spacious backyard backs up to a peaceful field. Small town living, & only a little more than 20 minutes to the Purdue Campus or downtown Lafayette. Over-sized 1-car garage with opener measures 23 by 13. Other than a washer & dryer, all appliances are included with the sale of this beautiful home! Current property taxes reflect NO exemptions.

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