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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Berne at 655 W Clark St, Berne, IN, 46711 generates $1,954/mo in rent and, after a $783/mo payment, leaves $994/mo in cash flow. Total monthly income is $1,954/mo, and annual cash flow is $11,925/yr on $53,007 invested. Return on cash invested sits at 42.41% in year one, and rental yield is 14.66% on a $159,900 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 223.23% and total cumulative return in cash sums $118,326. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,954/mo property income rather than buyer’s personal income.
Single Family
Built in 1916
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46711, Berne, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,889 (100%) |
| Owner Occupied HU | 2,069 (71.6%) |
| Renter Occupied HU | 652 (22.6%) |
| Vacant Housing Units | 168 ( 5.8%) |
| Median Home Value | $220,263 |
| Average Home Value | $290,043 |
Residential
2,870
Single Family
2,566
Multi-Family
304
Businesses
239
Date | Event | Price |
|---|---|---|
| 2025-03-05 | Sold | $159,900 |
| 2025-01-02 | Pending sale | $164,900 |
| 2024-11-15 | Price change | $164,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-01 | $734.68 | 33.36% | $98,700 | 7.17% |
| 2023-11-01 | $550.92 | 0.49% | $92,100 | 15.99% |
| 2022-11-01 | $548.24 | 10.88% | $79,400 | 3.12% |
Listed by: Cody Wallace • Ferris Property Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202438932
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
