5855 Forest Second St, Forest, IN, 46039 | $79/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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5855 Forest Second St, Forest, IN, 46039 | $79/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

Rental property for sale in Forest at 5855 Forest Second St, Forest, IN, 46039 generates $1,112/mo in rent and, after a $842/mo payment, leaves $79/mo in cash flow. Total monthly income is $1,112/mo, and annual cash flow is $952/yr on $57,018 invested. Return on cash invested sits at 21.58% in year one, and rental yield is 7.76% on a $172,000 entry. Equity gained on principal adds $1,110/yr, while 5% annual appreciation builds toward $47,520 over five years. Five-year ROI reaches 111.61% and total cumulative return in cash sums $63,637. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,112/mo property income rather than buyer’s personal income.

Single Family

Built in 1940

0.48 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome home to this lovingly maintained 2 bedroom, 1 bathroom charmer in peaceful Forest, IN! Situated on two parcels, this property offers a spacious yard perfect for entertaining, gardening, or just enjoying the outdoors. Step inside to find a warm and inviting layout featuring a heated and cooled breezeway/back porch, ideal for year round use. The kitchen and living spaces are functional and cozy, while the partially finished basement provides great bonus space for a rec room, home office, or additional storage. Enjoy summer evenings on the back deck overlooking the yard, and appreciate the overall care and pride of ownership throughout the home. Whether you're looking for your first home, downsizing, or simply craving small town living, this property checks all the boxes.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46039, Forest, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	307 (100%)
Owner Occupied HU	250 (81.4%)
Renter Occupied HU	31 (10.1%)
Vacant Housing Units	26 ( 8.5%)
Median Home Value	$181,250
Average Home Value	$264,430