599 N Elm St, West Baden Springs, IN, 47469 | $6/mo Cash Flow

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599 N Elm St, West Baden Springs, IN, 47469 | $6/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 West Baden Springs at 599 N Elm St, West Baden Springs, IN, 47469 listed at $274,900 pairs $1,656/mo rent with a $1,346/mo payment to leave $6/mo cash flow. Total monthly income runs $1,656/mo, and annual cash flow reaches $76/yr on $91,129 cash to close. Return on cash invested measures 19.99% in year one, and rental yield registers 7.23% at a $274,900 basis. Equity gained on principal adds $1,774/yr, and annual property appreciation at 5% supports $75,950 by year five. Five-year ROI tracks 103.07% and total cumulative return in cash totals $93,927. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,656/mo property income relative to a $1,346/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1961

10,018 sqft lot

$N/A/sqft

No HOA

More details about the property

THIS COULD BE YOUR CHANCE AT AN INCREDIBLE INVESTMENT OPPORTUNITY! FEATURING 3 INDIVIDUAL UNITS, EACH INCLUDES A KITCHENETTE, BEDROOM, AND A FULL BATHROOM AREA. SHARED LAUNDRY FACILITIES ARE ON SITE ALONG WITH PARKING AREAS. THIS STRUCTURE FEATURES MANY UPDATES INCLUDING REMODELED UNITS AND METAL ROOF. THIS STRUCTURE COULD EASILY BE CONVERTED BACK INTO A RESIDENCE. ALL FURNISHINGS AND APPLIANCES WILL REMAIN WITH THE HOME. THIS PROPERTY IS IN A NICE LOCATION WITH EASY COMMUTES TO THE RESORTS, GOLF COURSES AND DINING. ENJOY VIEWS OF THE NEARBY PARKS OR WALK TO TRAILS THAT ARE MAINTAINED BY THE CITY. ONE YEAR HSA HOME WARRANTY IS PROVIDED AS WELL.