529 S Main St, Pendleton, IN, 46064 | $881/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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529 S Main St, Pendleton, IN, 46064 | $881/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

Investment property for sale in Pendleton at 529 S Main St, Pendleton, IN, 46064 uses $74,554 cash to close to unlock $10,569/yr annual cash flow and $881/mo monthly cash flow. Total monthly income runs $2,231/mo, and a $1,101/mo payment keeps the spread at $881/mo. Purchase price stands at $224,900, and rental yield measures 11.9% with $2,231/mo rent. Return on cash invested shows 34.08% in year one, and 5% annual appreciation builds toward $62,136 over five years. Five-year ROI reaches 178.63% and total cumulative return in cash records $133,177. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,231/mo property income covering a $1,101/mo payment rather than investor’s personal income.

Single Family

Built in 1899

7,840 sqft lot

$N/A/sqft

No HOA

More details about the property

Nestled at 529 S. Main St., in Pendleton, this historic single-family residence in Madison County presents a great opportunity to own a piece of unique Americana. With 2,652 square feet of living area thoughtfully distributed across two stories, this residence offers a comfortable and inviting atmosphere. The layout includes two bedrooms and one full bathroom, along with a half bathroom, providing ample space for relaxation and everyday living. There is room upstairs for a potential third bedroom. Enjoy your time having coffee on the inviting covered front porch or the covered and screened back porch. The oversize garage (28' x 28') can easily accommodate two cars and provides for extra storage. The home has been well maintained: roof, siding and all windows, 3 yrs old, water heater, 4 yrs old, furnace, 10 yrs old and central air conditioning, 7 yrs. old. It has a full dry basement. The property sits on a 7,656 square foot lot, offering many possibilities for outdoor enjoyment. Constructed in 1899, remodeled in 1940, and updated in recent years, this residence exudes character and charm. Make this unique and historic home your very own!

Neighborhood Data

Neighborhood data shown for ZIP Code: 46064, Pendleton, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,339 (100%)
Owner Occupied HU	5,147 (81.2%)
Renter Occupied HU	879 (13.9%)
Vacant Housing Units	313 ( 4.9%)
Median Home Value	$283,028
Average Home Value	$322,206