5255 N State Road 257, Otwell, IN, 47564 | 6.69% Rental Yield

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5255 N State Road 257, Otwell, IN, 47564 | 6.69% Rental Yield | 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

Investment property for sale in Otwell at 5255 N State Road 257, Otwell, IN, 47564 listed at $230,000 pairs $1,283/mo rent with a $1,126/mo payment. Total monthly income runs $1,283/mo. Return on cash invested measures 18.37% in year one, and rental yield registers 6.69% at a $230,000 basis. Equity gained on principal adds $1,484/yr, and annual property appreciation at 5% supports $63,545 by year five. Five-year ROI tracks 94.38% and total cumulative return in cash totals $71,959. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,283/mo property income relative to a $1,126/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Manufactured

Built in 1998

1.02 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to your private retreat! 1 year Home Warranty offered for buyers peace of mind. This spacious 4-bedroom home offers comfort and seclusion, with a split floor plan and mature trees surrounding the property. As you arrive, youll notice the updates done in 2024new roof, windows, covered front porch, carport, and beautiful landscaping. Step inside to an open layout featuring two living areas and thoughtful upgrades completed in 2024, including a brand-new HVAC system, USB-outfitted outlets, and even a bathroom vent with Bluetooth capability. Three of the four bedrooms include walk-in closets, and the large laundry/utility room is enhanced with a pantry closet for extra storage. Out back, enjoy evenings on the newly added 17x10 covered deck in 2024 perfect for soaking in sunsets and peaceful views. For added peace of mind, the property also includes an in-ground cellar that doubles as a storm shelter with power. This home blends modern convenience with serene country livingready for you to move in and enjoy