549 N Leitzman Rd, Paragon, IN, 46166 | Equity Gain $1,387/yr

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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549 N Leitzman Rd, Paragon, IN, 46166 | Equity Gain $1,387/yr | 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 Paragon at 549 N Leitzman Rd, Paragon, IN, 46166 offers a 0% rental yield on a $215,000 purchase with $0/mo rent. 82% in year one. Equity gained on principal adds $1,387/yr while 5% annual appreciation supports $59,401 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $1,052/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1955

1 Acres lot

$N/A/sqft

No HOA

More details about the property

Greetings from 549 N Leitzman Rd, where the grass is greener, the skies are bluer, and this inviting home is ready for you! Prepare to be charmed by a residence that's not just needing your vision and updates, but is also the start of a new beginning. Imagine yourself sipping sweet tea on the porch, watching the world go by in your own slice of PARAGON paradise; this single-family residence offers a delightful retreat from the hustle and bustle, with ample space to stretch out. With 1260 square feet of living area, you'll discover a realm of possibilities, whether you're a design/rehab entrepreneur or just seeking a cozy nest. Three bedrooms and Laundry area offer a flexible layout that can be reconfigured to your needs. The expansive 1 acre lot offers room to roam and dream big. Built in 1955, this one-story home offers a wealth of potential, with enough space to accommodate all your ideas. This property is a canvas awaiting your personal touch, promising a future filled with laughter, memories, and the sweet satisfaction of calling PARAGON home.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46166, Paragon, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	976 (100%)
Owner Occupied HU	751 (76.9%)
Renter Occupied HU	158 (16.2%)
Vacant Housing Units	67 ( 6.9%)
Median Home Value	$222,679
Average Home Value	$236,441