665 W Clark StBerneIN46711
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment Highlights
Rental property for sale in Berne at 665 W Clark St, Berne, IN, 46711 priced at $178,500 pairs $1,349/mo rent with $277/mo cash flow after a $874/mo payment. Total monthly income equals $1,349/mo, and annual cash flow comes to $3,326/yr on $59,173 invested. Return on cash invested is 25.53% in year one, and rental yield stands at 9.07% on a $178,500 basis. Equity gained on principal adds $1,152/yr, and 5% annual appreciation accumulates to $49,316 by year five. Five-year ROI measures 132.81% and total cumulative return in cash reaches $78,590. For financing, Ziffy Mortgage’s DSCR program evaluates $1,349/mo property income against a $874/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1941
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46711, Berne, IN area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
2,870
Single Family
2,566
Multi-Family
304
Businesses
239
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Listed by: Holly Lofton • Miz Lehman REALTORS-Auctioneer
Mls Name: IRMLS
Mls Provider:
Mls ID: #202529676
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.