602 N Metts St, Ossian, IN, 46777 | $254/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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602 N Metts St, Ossian, IN, 46777 | $254/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 Ossian at 602 N Metts St, Ossian, IN, 46777 with 5% annual appreciation on a $225,000 basis while $1,604/mo rent supports operations. Total monthly income totals $1,604/mo and a $1,101/mo payment preserves $254/mo for cash returns. Annual cash flow comes to $3,043/yr on $74,588 deployed, and return on cash invested reaches 23.99% in year one. Equity gained on principal adds $1,452/yr, and five-year appreciation sums $62,163 alongside rental yield of 8.55%. Five-year ROI measures 124.49% and total cumulative return in cash totals $92,853.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,604/mo property income versus a $1,101/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1960

9,626 sqft lot

$N/A/sqft

No HOA

More details about the property

** Charming 3 Bedroom, 1 Full Bath Home on a Corner Lot in a Quiet Neighborhood! **Located near a beautiful park in a safe and peaceful area perfect for first-time buyers or anyone looking for comfort and value! Walking distance from grocery store and coffee shop!! Home Features: Full basement with ample storage, a dedicated office area, a giant breezeway between garage and house (side door) and is fully enclosed with windows. There is an additional finished room in basement perfect for hobbies or guests. Spacious living area that flows into a large kitchen great for entertaining. Most appliances stay (not warranted). 2-car attached garage for convenience and security. Relax outdoors on a beautiful wooden deck overlooking a serene koi pond, all privately enclosed with a fenced backyard. Ornamental fireplace adds a cozy, decorative touch. Blown-in insulation with a thermal barrier and newer roof shingles (2017) for lasting efficiency and peace of mind. Recent Updates & Improvements: *New leaf guards for the gutters. Vinyl plank flooring in key areas for easy maintenance. Updated light switches, outlets, recently replaced windows with stylish exterior shutters. New furnace with air purifier, new water heater, new water softener, and drinking-water purifier at the sink. New garage door opener, privacy fence, Ring doorbells, and secure smart door locks with keypads (included). Xfinity cable internet installed, plus Ethernet ports in the master and guest bedrooms ready for streaming or working from home. Carpet was just cleaned. This home has been lovingly cared for and filled with warmth ready to welcome its next owners to make lasting memories!

Neighborhood Data

Neighborhood data shown for ZIP Code: 46777, Ossian, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,731 (100%)
Owner Occupied HU	2,141 (78.4%)
Renter Occupied HU	428 (15.7%)
Vacant Housing Units	162 ( 5.9%)
Median Home Value	$227,960
Average Home Value	$267,226