615 E Main St, Centerville, IN, 47330 | $599/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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615 E Main St, Centerville, IN, 47330 | $599/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 Centerville at 615 E Main St, Centerville, IN, 47330 with 5% annual appreciation on a $249,900 basis while $2,099/mo rent supports operations. Total monthly income totals $2,099/mo and a $1,223/mo payment preserves $599/mo for cash returns. Annual cash flow comes to $7,188/yr on $82,842 deployed, and return on cash invested reaches 28.59% in year one. Equity gained on principal adds $1,613/yr, and five-year appreciation sums $69,043 alongside rental yield of 10.08%. Five-year ROI measures 149.19% and total cumulative return in cash totals $123,590.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,099/mo property income versus a $1,223/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1920

0.48 Acres lot

$N/A/sqft

No HOA

More details about the property

This exceptional 2,500 square foot 4 bedroom (optional 5th) 2 full bath home rests on a half-acre lot in historic Centerville, IN! The home features a completely renovated kitchen with large island and stainless-steel appliances (refrigerator, dishwasher, stove, and microwave), bedroom and full bath on the main level, gas log fireplace in the living room, 2 natural gas furnaces and central air, an attached 30 X 32 garage with 2 automatic doors and ample storage opportunities, privacy fence enclosed backyard perfect for kids and/or pets to play, a 20 above ground pool, covered patio, gazebo with fish pond, and so much more! Visit Fortman Team at fortmanteam.com or on social media for more information on this property.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47330, Centerville, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,348 (100%)
Owner Occupied HU	1,704 (72.6%)
Renter Occupied HU	443 (18.9%)
Vacant Housing Units	201 ( 8.6%)
Median Home Value	$202,537
Average Home Value	$240,484