6823 N Us Highway 52, Thorntown, IN, 46071 | $264/mo Cash Flow

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6823 N Us Highway 52, Thorntown, IN, 46071 | $264/mo Cash Flow | Ziffy

For Sale

Fix & Flip

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 Thorntown at 6823 N Us Highway 52, Thorntown, IN, 46071 generates $1,164/mo in rent and, after a $734/mo payment, leaves $264/mo in cash flow. Total monthly income is $1,164/mo, and annual cash flow is $3,166/yr on $49,692 invested. Return on cash invested sits at 26.28% in year one, and rental yield is 9.32% on a $149,900 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 136.8% and total cumulative return in cash sums $67,979. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,164/mo property income rather than buyer’s personal income.

Manufactured

Built in 1990

1.79 Acres lot

$N/A/sqft

No HOA

More details about the property

Nice opportunity with lots of potential. This 3 bed, 2 full bath manufactured home offers 1,568 sqft on 1.79 acres with a great layout and plenty of room to make it your own. The home could use some TLC and personal touches, but the space, setting, and acreage make it a solid option for someone looking to update and add value. The property includes a spacious two car detached garage, a long private driveway, open yard space, and mature trees. The well pump is currently not functioning. Property is being sold as-is. Whether you're looking for a project to build equity or a place to customize to your liking, this home has a lot to offer and sits in a peaceful rural setting. It's priced to sell and leaves plenty of room for future updates and added value.