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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Berne at 524 W Buckeye St, Berne, IN, 46711 priced at $189,900 converts $1,850/mo rent into $711/mo cash flow after a $929/mo obligation. Total monthly income equals $1,850/mo, and annual cash flow totals $8,526/yr on $62,952 invested. Return on cash invested prints 33.45% in year one, and rental yield reads 11.69% against a $189,900 entry. Equity gained on principal adds $1,225/yr, while 5% annual appreciation compiles into $52,466 by year five. Five-year ROI reaches 175.27% and total cumulative return in cash sums $110,333. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,850/mo property income covering a $929/mo payment, not borrower’s personal income.
Single Family
Built in 1973
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46711, Berne, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,889 (100%) |
| Owner Occupied HU | 2,069 (71.6%) |
| Renter Occupied HU | 652 (22.6%) |
| Vacant Housing Units | 168 ( 5.8%) |
| Median Home Value | $220,263 |
| Average Home Value | $290,043 |
Residential
2,870
Single Family
2,566
Multi-Family
304
Businesses
239
Date | Event | Price |
|---|---|---|
| 2025-05-25 | Listed for sale | $189,900 |
| 2024-09-18 | Listing removed | $189,000 |
| 2024-06-07 | Price change | $189,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-27 | $1410.00 | 8.22% | $139,300 | -0.92% |
| 2023-05-27 | $1302.92 | 4.40% | $140,600 | 6.84% |
| 2022-05-27 | $1248.00 | 9.68% | $131,600 | 5.45% |
Listed by: Barton R Lehman • Miz Lehman REALTORS-Auctioneer
Mls Name: IRMLS
Mls Provider:
Mls ID: #202519443
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
