5292 N Lick Creek Rd, Morgantown, IN, 46160 | 2.13% Rental Yield

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5292 N Lick Creek Rd, Morgantown, IN, 46160 | 2.13% Rental Yield | Ziffy

For Sale

Rental Income

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 Morgantown at 5292 N Lick Creek Rd, Morgantown, IN, 46160 earns from $930/mo rent with a $2,570/mo payment. Total monthly income totals $930/mo. ROI tracks 4.62% on current figures, and rental yield reads 2.13% at a $525,000 purchase. Equity gained on principal adds $3,388/yr, and 5% annual appreciation supports $145,048 over five years. Five-year ROI reaches 20.62% and total cumulative return in cash sums $35,613. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $930/mo property income instead of your personal income.

Single Family

Built in 1975

19.64 Acres lot

$N/A/sqft

No HOA

More details about the property

Tucked away on 20 rolling acres that back up to Yellowwood State Forest, this Brown County retreat feels like a world of its own-yet it's only a 10-minute drive to the charm of downtown Nashville and the quiet waters of Lake Lemon. At the heart of the property sits a cozy 2,200 total sq ft A-frame overlooking a sparkling pond with its very own sandy beach. Inside, you'll find 3 bedrooms, 1.5 baths with plumbing ready for a second full bath, a walk-out basement with space for a 4th bedroom, a sturdy metal roof, and a large deck where sunsets reflect off the water. Outside, the land is brimming with possibility: a custom insulated garage/work barn for projects, two livestock barns and pasture for animals, chicken coops with a run, 2 fully stocked ponds, prime hunting land and plenty of open space for gardens, trails, or future building. With a newer 2018 septic system sized for 4 bedrooms and approval for use as a short-term rental, this property offers not only a peaceful place to live but also income potential. Whether you dream of homesteading, creating a woodland getaway, or simply finding quiet moments by the water, this Brown County haven brings together rustic beauty, modern practicality, and the kind of natural charm that can't be found anywhere else.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46160, Morgantown, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,890 (100%)
Owner Occupied HU	2,204 (76.3%)
Renter Occupied HU	377 (13.0%)
Vacant Housing Units	309 (10.7%)
Median Home Value	$254,857
Average Home Value	$319,090