6097 Forest Third St, Forest, IN, 46039 | $208/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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6097 Forest Third St, Forest, IN, 46039 | $208/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 Forest at 6097 Forest Third St, Forest, IN, 46039 listed at $120,000 pairs $928/mo rent with a $587/mo payment to leave $208/mo cash flow. Total monthly income runs $928/mo, and annual cash flow reaches $2,496/yr on $39,780 cash to close. Return on cash invested measures 26.18% in year one, and rental yield registers 9.28% at a $120,000 basis. Equity gained on principal adds $774/yr, and annual property appreciation at 5% supports $33,154 by year five. Five-year ROI tracks 136.22% and total cumulative return in cash totals $54,187. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $928/mo property income relative to a $587/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1958

3.62 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome home to this updated 2 bedroom, 2 full bath home on 3.62 acres! This home has beautiful rustic charm and has been freshly painted throughout! It features brand new light fixtures or ceiling fans in every room! Gorgeous Mowhawk Luxury Vinyl Plank flooring was just installed in the great and dining rooms, which includes a lifetime warranty! Great room also features a bay window and a beautiful fireplace with insert. Besides new light fixtures, both full bathrooms feature new vanity's and toilets! Nice size laundry area in the middle full bath. Primary suite has the added rustic touches of barnwood along with a new ceiling fan and carpet! The kitchen has a breakfast bar, new stove and barnwood metal to complete its look! Lastly, enjoy relaxing on your large covered front porch that streches the whole length of the front of the home, on those nice warm nights or with your morning coffee! As you step off the porch and onto the property you will notice new guttering, a large fenced in back yard, as well as a large pasture area for recreation or some livestock. This home as so much to offer! Set up your showing today to check it out!

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