621 N 3rd St, Boonville, IN, 47601 | $28/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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621 N 3rd St, Boonville, IN, 47601 | $28/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 Boonville at 621 N 3rd St, Boonville, IN, 47601 offers a 7.38% rental yield on a $194,900 purchase with $1,198/mo rent. Total monthly income registers $1,198/mo, and a $954/mo payment leaves $28/mo available for distribution. Annual cash flow reaches $336/yr on $64,609 to close, and return on cash invested stands at 20.43% in year one. Equity gained on principal adds $1,258/yr while 5% annual appreciation supports $53,847 over five years. Portfolio math shows five-year ROI at 105.37% and total cumulative return in cash at $68,079. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,198/mo property income against a $954/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1900

6,969 sqft lot

$N/A/sqft

No HOA

More details about the property

Fully Remodeled 2 Bed, 2 Bath Home on a Corner Lot Boonville, INWelcome to your beautifully updated Boonville home, where modern comfort meets small-town charm. This fully remodeled 2-bedroom, 2-bath home sits proudly on a spacious corner lot and offers fresh, stylish finishes from top to bottom. Step inside to discover bright living spaces, updated flooring, modern lighting, and a gorgeous kitchen with sleek cabinetry, new countertops, and thoughtful design touches throughout.The unfinished basement provides great storage or the perfect opportunity to expand your living space. Outside, youll find a detached garage and plenty of room to enjoy outdoor living or gardening.Move right in and start enjoying the comfort, convenience, and character this home has to offer all just minutes from local schools, shopping, and restaurants in Boonville.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47601, Boonville, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,063 (100%)
Owner Occupied HU	4,644 (76.6%)
Renter Occupied HU	1,004 (16.6%)
Vacant Housing Units	415 ( 6.8%)
Median Home Value	$231,570
Average Home Value	$282,098