602 N 2nd St, Chandler, IN, 47610 | $814/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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602 N 2nd St, Chandler, IN, 47610 | $814/mo Cash Flow | Ziffy

Pending

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 Chandler at 602 N 2nd St, Chandler, IN, 47610 offers a 11.45% rental yield on a $230,000 purchase with $2,195/mo rent. Total monthly income registers $2,195/mo, and a $1,126/mo payment leaves $814/mo available for distribution. Annual cash flow reaches $9,769/yr on $76,245 to close, and return on cash invested stands at 32.72% in year one. Equity gained on principal adds $1,484/yr while 5% annual appreciation supports $63,545 over five years. Portfolio math shows five-year ROI at 171.37% and total cumulative return in cash at $130,663. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,195/mo property income against a $1,126/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1956

0.28 Acres lot

$N/A/sqft

No HOA

More details about the property

This 4 bedroom newly remodeled home is ready for a new family. Tucked away in a quiet neighborhood with lush trees, large lawns, and good neighbors, this house is sure to sell fast. The oak floors in the main living areas are original to the home and have been refinished to their original beauty. The large family room has a wood burning fireplace currently with an insert that can help heat the home on cold winter nights. The family room has new waterproof wood -look luxury vinyl tile throughout. Patio doors from the family room look out onto a brick patio that can be used to grill and/or put an outside table and chairs. A large storage building in the back yard helps keep yard tools handy and easily accessible.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47610, Chandler, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,425 (100%)
Owner Occupied HU	1,777 (73.3%)
Renter Occupied HU	476 (19.6%)
Vacant Housing Units	172 ( 7.1%)
Median Home Value	$208,333
Average Home Value	$299,268