6644 E 750 S, Jonesboro, IN, 46938 | 6.39% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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6644 E 750 S, Jonesboro, IN, 46938 | 6.39% 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

Rental property for sale in Jonesboro at 6644 E 750 S, Jonesboro, IN, 46938 generates $2,022/mo in rent, after a $1,859/mo payment. Total monthly income is $2,022/mo. Return on cash invested sits at 17.45% in year one, and rental yield is 6.39% on a $379,900 entry. Equity gained on principal adds $2,451/yr, while 5% annual appreciation builds toward $104,959 over five years. Five-year ROI reaches 89.4% and total cumulative return in cash sums $112,589. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,022/mo property income rather than buyer’s personal income.

Manufactured

Built in 1997

5.02 Acres lot

$N/A/sqft

No HOA

More details about the property

This beautifully remodeled home sits on a breathtaking 5-acre property featuring rolling hills, wooded areas, a fenced pasture, a pond, and an in-ground fenced pooltruly a nature lovers dream. Inside, the home has a full finished walkout basement with an attached garage. Updates include brand-new carpeting, vinyl flooring, fully remodeled kitchen with new countertops, new cabinets, sink, new plumbing and flooring with brand new appliances, bathrooms have also been updated with modern vanities. The open-concept main level combines the living room, dining area, and kitchen, highlighted by four brand-new sliding glass doors that flood the home with natural light and showcase views in every direction. Outdoor living is a dream with a wraparound front deck, a covered porch, and a sunroom at the back of the homeperfect for year-round enjoyment of the propertys beauty. The spacious master suite offers a walk-in closet, a garden tub, and a separate shower. The lower level includes a large family room, a full bath, one bedroom, plus an office or flexible workspace. The attached garage also features a generous storage closet. The property sits at the end of a quiet country road and is surrounded by mature trees. A freshly graveled drive welcomes you in, along with apple and peach trees on the grounds. Additional highlights include three separate wells and a brand-new roof, gutters, down spouts, shutters, all new fencing !

Neighborhood Data

Neighborhood data shown for ZIP Code: 46938, Jonesboro, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,196 (100%)
Owner Occupied HU	904 (75.6%)
Renter Occupied HU	182 (15.2%)
Vacant Housing Units	110 ( 9.2%)
Median Home Value	$133,036
Average Home Value	$179,433