6688 Nickens Rd, Boonville, IN, 47601 | 5.01% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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6688 Nickens Rd, Boonville, IN, 47601 | 5.01% 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 Boonville at 6688 Nickens Rd, Boonville, IN, 47601 generates $1,666/mo in rent, after a $1,953/mo payment. Total monthly income is $1,666/mo. Return on cash invested sits at 13.29% in year one, and rental yield is 5.01% on a $399,000 entry. Equity gained on principal adds $2,575/yr, while 5% annual appreciation builds toward $110,236 over five years. Five-year ROI reaches 67.12% and total cumulative return in cash sums $88,778. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,666/mo property income rather than buyer’s personal income.

Single Family

Built in 1975

11.75 Acres lot

$N/A/sqft

No HOA

More details about the property

Country Living at Its Finest! Escape to your very own slice of country paradise with this charming log cabin surrounded by peaceful views and thoughtful updates throughout. The 3-bedroom, 1-bath cabin welcomes you with rustic warmth and comfort. Enjoy morning coffee or cozy evenings in the adorable sunroom, perfect for soaking in the natural beauty around you. The home features newer windows on the main level and appliances that are only 5 years old, keeping its charm while adding modern convenience. Outside, youll find a livable pole barn thats an added bonus! It includes a full kitchen and open-concept living area, a bonus room that can serve as a bedroom, office, or workshop, and even a full bath. The drive-through garage makes it easy to store and access all your outdoor toys or equipment. Enjoy the fresh country air while tending your organic garden, and store tools and supplies in the two garden sheds. Major updates include a brand-new metal roof (2024), pressure-washed and sealed exterior logs (2024), and new appliances in the pole barn (2024) giving you peace of mind for years to come. If youre looking for the perfect mix of country charm, functionality, and modern updates, this one is a must-see!

Neighborhood Data

Neighborhood data shown for ZIP Code: 47601, Boonville, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,063 (100%)
Owner Occupied HU	4,644 (76.6%)
Renter Occupied HU	1,004 (16.6%)
Vacant Housing Units	415 ( 6.8%)
Median Home Value	$231,570
Average Home Value	$282,098