6254 Grosbeak Ct, Nineveh, IN, 46164 | 2.75% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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6254 Grosbeak Ct, Nineveh, IN, 46164 | 2.75% 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 Nineveh at 6254 Grosbeak Ct, Nineveh, IN, 46164 offers a 2.75% rental yield on a $850,000 purchase with $1,950/mo rent. 53% in year one. Equity gained on principal adds $5,485/yr while 5% annual appreciation supports $234,839 over five years. Portfolio math shows five-year ROI at 30.83% and total cumulative return in cash at $86,230. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,950/mo property income against a $4,160/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1970

7,405 sqft lot

$N/A/sqft

No HOA

More details about the property

This charming Sweetwater Lake cottage is the perfect blend of cozy and inviting, with gentle steps that make lake days effortless. Inside, you'll find two bedrooms on the main level, a recently updated bathroom, and a warm galley kitchen with a window over the sink that frames peaceful lake views. The open kitchen and dining area flow out to a deck overlooking Sweetwater Lake, creating the perfect spot for morning coffee or sunset dinners. Head downstairs to discover a second living room, full bathroom, flex space, and a room ready to become a lakeside snack bar or second kitchen - ideal for entertaining. One of the secondary bedrooms overlooks the front trees, while the lower-level bedroom looks straight out to the water. Outside, enjoy a porch off the main level, stairs down to a cozy patio, and just a few more steps to your private party dock and main dock with a covered boat slip - all designed for relaxing, entertaining, and soaking up the Sweetwater lifestyle. With ample parking and a storybook cottage vibe, this lakeside paradise is ready to become your new favorite getaway.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46164, Nineveh, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,691 (100%)
Owner Occupied HU	1,648 (61.2%)
Renter Occupied HU	150 ( 5.6%)
Vacant Housing Units	893 (33.2%)
Median Home Value	$327,011
Average Home Value	$368,879