636 S Broadway St, Pendleton, IN, 46064 | $60/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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636 S Broadway St, Pendleton, IN, 46064 | $60/mo Cash Flow | Ziffy

Pending

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 Pendleton at 636 S Broadway St, Pendleton, IN, 46064 generates $1,854/mo in rent and, after a $1,463/mo payment, leaves $60/mo in cash flow. Total monthly income is $1,854/mo, and annual cash flow is $715/yr on $99,119 invested. Return on cash invested sits at 20.63% in year one, and rental yield is 7.44% on a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 106.49% and total cumulative return in cash sums $105,550. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,854/mo property income rather than buyer’s personal income.

Single Family

Built in 1950

3,484 sqft lot

$N/A/sqft

No HOA

More details about the property

Location is key with this charming Downtown Pendleton home! Welcome to this quaint & inviting 3-bedroom, 2- full bath home nestled in the heart of historic downtown Pendleton. Bursting with character, this home blends timeless charm with modern updates. Inside, you'll fall in love with the beautiful hardwood floors, cozy living spaces, and built-in cabinets that add both function and character. The layout offers three comfortable bedrooms, two full baths, and plenty of natural light throughout. Upstairs you will find the very large private primary suite offering a full bathroom, and a bonus room for an office, playroom, or an option to build out a walk-in closet. The kitchen and dining combo are loaded with windows to allow light to fill the room, new appliances, fresh paint, updated counter tops, and much more. The main floor bathroom is completely new and gorgeous (2024), while the exterior space is just a desirable with an adorable front porch for the morning coffee, or the privacy of the back yard where you can enjoy the firepit & family time. The home has been meticulously maintained, additional updates include a brand-new roof (2025) Gas furnace replaced (2019), gas water heater (2017) and the windows come with a lifetime transferable warranty. Enjoy the wonderful local shops, Falls Park, coffee shops, dining, and all of the other things that make Pendleton so special all within a short walk from home. This location is one of the most desirable downtown streets which is now calling your name!

Neighborhood Data

Neighborhood data shown for ZIP Code: 46064, Pendleton, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,339 (100%)
Owner Occupied HU	5,147 (81.2%)
Renter Occupied HU	879 (13.9%)
Vacant Housing Units	313 ( 4.9%)
Median Home Value	$283,028
Average Home Value	$322,206