603 E Park St, Fort Branch, IN, 47648 | 5.91% Rental Yield

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603 E Park St, Fort Branch, IN, 47648 | 5.91% 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 Fort Branch at 603 E Park St, Fort Branch, IN, 47648 with 5% annual appreciation on a $239,900 basis while $1,182/mo rent supports operations. 02% in year one. Equity gained on principal adds $1,548/yr, and five-year appreciation sums $66,280 alongside rental yield of 5.91%. Five-year ROI measures 81.78% and total cumulative return in cash totals $65,035. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,182/mo property income versus a $1,174/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1948

0.86 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to this well maintained Tudor home. Located 5 minutes from Toyota and only 3 blocks from the park. Outside boast unique character and tons of charm. Inside youll walk into the great room, which is spacious, with a gas fire place. The kitchen has wood cabinets, vinyl floors and includes an eat in area. The stove and refrigerator are included. The main floor has two bedrooms, each with two closets. They currently have carpet, but there are hardwood floors under existing carpet. The main bathroom is a shower/tub combo with vinyl floors. Upstairs there is a nearly finished space (683 sq ft.). With a little bit of work, you can have a great large bedroom and bonus space. The basement includes a family room. It currently has a wood burning fireplace to keep you cozy when it gets cold. Outside there is a patio area, detached garage and a carport. All of this on a large corner lot. Dont miss out on this charming home!

Neighborhood Data

Neighborhood data shown for ZIP Code: 47648, Fort Branch, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,975 (100%)
Owner Occupied HU	1,350 (68.4%)
Renter Occupied HU	444 (22.5%)
Vacant Housing Units	181 ( 9.2%)
Median Home Value	$212,264
Average Home Value	$245,778