628B Begonia St SE, Demotte, IN, 46310 | $846/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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628B Begonia St SE, Demotte, IN, 46310 | $846/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

Rental property for sale in Demotte at 628B Begonia St SE, Demotte, IN, 46310 offers $2,190/mo rent that, after a $1,096/mo payment, leaves $846/mo cash flow. Total monthly income is $2,190/mo, and annual cash flow is $10,149/yr on $74,256 cash. Return on cash invested measures 33.58% in year one, and rental yield stands at 11.73% at a $224,000 entry. Equity gained on principal adds $1,445/yr while 5% annual appreciation compounds into $61,887 by year five. Five-year ROI records 175.9% and total cumulative return in cash reaches $130,615. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,190/mo property income versus a $1,096/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1993

6,969 sqft lot

$N/A/sqft

No HOA

More details about the property

MAINTENANCE FREE LIVING IN THIS 2 BEDROOM 2 BATHROOM ALL BRICK CONDO LOCATED CLOSE TO TOWN AND SHOPPING. HOME FEATURES A LARGE LIVINGROOM WITH BAY WINDOW AND CROWN MOLDING. KITCHEN HAS A PANTRY FOR STORAGE, PLENTY OF COUNTER SPACE AND ALL APLIANCES ARE INCLUDED. DINING ROOM COULD BE USED AS A TV ROOM OR DEN. PRIMARY BEDROOM HAS A WALK IN CLOSET AND AN ATTACHED 3/4 BATHROOM WITH LARGE SHOWER THAT HAS A SEAT. HALL BATHROOM FEATURES A WALK IN TUB, LAUNDRY HAS A PULL DOWN IRONING BOARD PLUS A UTILITY SINK. SUNROOM HAS ELECTRIC FIREPLACE TO KEEP YOU WARM AND TOASTY DRINKING THAT MORNING COFFEE OR RELAXING IN THE EVENING WITH THAT GLASS OF WINE. THE 2 CAR GARAGE HAS PLENTY OF SPACE FOR 2 CARS AND STORAGE.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46310, Demotte, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	5,852 (100%)
Owner Occupied HU	4,635 (79.2%)
Renter Occupied HU	964 (16.5%)
Vacant Housing Units	253 ( 4.3%)
Median Home Value	$225,548
Average Home Value	$253,131