5735 N Slippery Elm Shoot Rd, Morgantown, IN, 46160 | 2.69% Rental Yield

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5735 N Slippery Elm Shoot Rd, Morgantown, IN, 46160 | 2.69% 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 Morgantown at 5735 N Slippery Elm Shoot Rd, Morgantown, IN, 46160 offers a 2.69% rental yield on a $415,000 purchase with $930/mo rent. 29% in year one. Equity gained on principal adds $2,678/yr while 5% annual appreciation supports $114,657 over five years. Portfolio math shows five-year ROI at 29.61% and total cumulative return in cash at $40,737. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $930/mo property income against a $2,031/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 2009

7.35 Acres lot

$N/A/sqft

No HOA

More details about the property

Charming Log Cabin on 7 Wooded Acres - 2nd orginal Cabin completley restored Location: Secluded setting on 7 acres with shared lake access Home Features: 1 BR + 9x17 loft (ideal for a bedroom or additional space) 1.5 BA 2009 antique log home by Peaceful Valley Construction Fireplace insert Authentic log construction with real mortar chinking & Brown Co. Stone wood-burning fireplace Wide plank hardwood floors throughout & hickory cabinets Loft with antique log handrail & cathedral ceiling in the living room Clawfoot tub in the bathroom for a rustic touch Thermal pane windows, metal roof for durability Covered porch & 20x13 wood deck, perfect for outdoor enjoyment Property Features: 2nd Cabin 15 x 15 Completley Restored New Deck on the back, Front Porch, Metal Roof, Heat/AC, Water, Shower, Loft for Beds. and on its own Electric Meter. Abundant mature trees providing privacy and natural beauty 16x19 chicken/rabbit house Additional 12x8 tool shed for extra storage Shared Pond Additional Features: City Water (Brown Co. Water) Fiber internet connected for modern conveniences Septic System Ideal for: A peaceful retreat, nature lovers, homesteaders, or anyone seeking a private wooded haven with a shared lake for recreation.

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