666 W Main St, Berne, IN, 46711 | $388/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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666 W Main St, Berne, IN, 46711 | $388/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 Berne at 666 W Main St, Berne, IN, 46711 offers $2,099/mo rent that, after a $1,395/mo payment, leaves $388/mo cash flow. Total monthly income is $2,099/mo, and annual cash flow is $4,657/yr on $94,478 cash. Return on cash invested measures 24.84% in year one, and rental yield stands at 8.84% at a $285,000 entry. Equity gained on principal adds $1,839/yr while 5% annual appreciation compounds into $78,740 by year five. Five-year ROI records 129.08% and total cumulative return in cash reaches $121,950. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,099/mo property income versus a $1,395/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1900

8,276 sqft lot

$N/A/sqft

No HOA

More details about the property

Step into timeless elegance in this modernized Victorian treasure, offering nearly 3,000 square feet of beautifully updated living space. Set on a spacious corner lot in the quiet and charming town of Berne, this home is the perfect blend of historic charm and contemporary comfort. From the inviting covered front porch to the intricate original woodwork inside, this home honors its heritage while embracing modern design. The great room features a stunning gas log fireplace and flows gracefully into the formal dining room through a classic pocket door, ideal for both open entertaining and cozy evenings. The heart of the home is the updated kitchen, boasting soft-close cabinetry, beautiful countertops, a prep island, and new electric range and dishwasherall designed for everyday ease and timeless appeal. Upstairs, youll find four generous bedrooms, two full updated bathrooms, and a versatile loft spaceperfect as a second living area, spacious primary suite, or creative retreat. And just off the loft? A charming hidden room adds a touch of whimsy and endless possibilities. Additional updates include fresh paint, new flooring, expanded closets, and remodeled bathroomsall while preserving the character-rich details that make this home truly special. Major upgrades like a new gas forced air furnace, new siding, new windows, new deck, and a newer roof ensure peace of mind. Outside, the property features two outdoor storage buildings and a yard with plenty of room to relax, garden, or play. This is more than just a homeits a beautiful blend of the past and present, thoughtfully updated for todays living.

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