518 N Hopkins St, West Baden Springs, IN, 47469 | $394/mo Cash Flow

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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 West Baden Springs at 518 N Hopkins St, West Baden Springs, IN, 47469 priced at $194,250 pairs $1,560/mo rent with $394/mo cash flow after a $951/mo payment. Total monthly income equals $1,560/mo, and annual cash flow comes to $4,724/yr on $64,394 invested. Return on cash invested is 27.25% in year one, and rental yield stands at 9.64% on a $194,250 basis. Equity gained on principal adds $1,253/yr, and 5% annual appreciation accumulates to $53,668 by year five. Five-year ROI measures 141.97% and total cumulative return in cash reaches $91,419. For financing, Ziffy Mortgage’s DSCR program evaluates $1,560/mo property income against a $951/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1910

2.32 Acres lot

$N/A/sqft

No HOA

More details about the property

Dont miss this rare find in the heart of town! This move-in ready 3-bedroom, 2-bath home is set on 2.32 acres atop a hill overlooking the community park, with breathtaking views of the historic West Baden Springs Hotel and the rolling hills of Southern Indiana. The main level features a spacious kitchen, full bath, one bedroom, a versatile flex space, and a comfortable family room that opens to a bright sunroom showcasing incredible views. The lower level offers two additional bedrooms and a full bath, creating a functional layout to suit your needs. Outdoor living is highlighted by a large two-tier deck with pergola and a convenient storage shed. The oversized detached garage is a true bonus, offering a generous bay for multiple vehicles or toys plus a workshop/flex roomboth areas are finished and have their own mini splits. The home and garage rest on a 0.17-acre lot, with an adjoining 2.15-acre parcel of open field and wooded areas, providing endless opportunities for recreation, relaxation, or future building.