638 Main St, Elnora, IN, 47529 | $140/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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638 Main St, Elnora, IN, 47529 | $140/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 Elnora at 638 Main St, Elnora, IN, 47529 offers $1,847/mo rent that, after a $1,392/mo payment, leaves $140/mo cash flow. Total monthly income is $1,847/mo, and annual cash flow is $1,676/yr on $94,312 cash. Return on cash invested measures 21.69% in year one, and rental yield stands at 7.79% at a $284,500 entry. Equity gained on principal adds $1,836/yr while 5% annual appreciation compounds into $78,602 by year five. Five-year ROI records 112.14% and total cumulative return in cash reaches $105,761. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,847/mo property income versus a $1,392/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1961

0.42 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome home to this beautifully maintained property offering comfort, character, and incredible outdoor amenities. This spacious 3 bedroom, 2 bath home features a warm and inviting living room complete with custom built-in white cabinetry and shelvingperfect for displaying books, dcor, or collectibles. The Master bedroom includes a skylight that brings in wonderful natural light and sliding doors that open directly onto the covered back porch. With ceiling fans and room to relax, this outdoor space is ideal for morning coffee or evening gatherings. A second bedroom also features built-in cabinetry, providing extra storage and charm. A bonus room offers flexibility for an office, hobby space, or extra guest room. Youll love the large great room, highlighted by a vaulted ceiling and skylight, creating a bright and airy atmosphere perfect for entertaining or everyday living. The kitchen offers plenty of workspace and flows easily into the rest of the home. Outside, enjoy summer fun in the beautiful in-ground pool, surrounded by a clean white vinyl privacy fenceyour own private retreat! The property also includes a 2-car detached garage with electricity, great for parking, storage, or workshop needs. Relax on the charming covered front porch and take in the recently updated professional landscaping that enhances the homes curb appeal.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47529, Elnora, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	441 (100%)
Owner Occupied HU	277 (62.8%)
Renter Occupied HU	107 (24.3%)
Vacant Housing Units	57 (12.9%)
Median Home Value	$199,167
Average Home Value	$263,060