6942 State Route 350, Aurora, IN, 47001 | 2.71% Rental Yield

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

6942 State Route 350, Aurora, IN, 47001 | 2.71% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
2 Bath
1760 sft

8219 Old State Route 350, Aurora, IN, 47001

3 Bed
3 Bath
5128 sft

9995 Cedar View Ln, Aurora, IN, 47001

3 Bed
2 Bath
3312 sft

12930 Phillips Rd, Vevay, IN, 47043

2 Bed
3 Bath
1360 sft

2750 Split Oak Trail Rd, Rising Sun, IN, 47040

Nearby investment properties with comparable prices

4 Bed
4 Bath
3000 sft

7476 State Road 56, West Rising Sun, IN, 47040

4 Bed
2 Bath
3232 sft

7843 Pruss Rd, Dillsboro, IN, 47018

3 Bed
1 Bath
1800 sft

12582 Southfork Rd, Dillsboro, IN, 47018

3 Bed
4 Bath
2204 sft

7904 S SR 129, Versailles, IN, 47042

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

Explore more listings using simple english

Investment Highlights

Rental property for sale in Aurora at 6942 State Route 350, Aurora, IN, 47001 generates $1,920/mo in rent, after a $4,160/mo payment. Total monthly income is $1,920/mo. Return on cash invested sits at 6.41% in year one, and rental yield is 2.71% on a $850,000 entry. Equity gained on principal adds $5,485/yr, while 5% annual appreciation builds toward $234,839 over five years. Five-year ROI reaches 30.14% and total cumulative return in cash sums $84,298. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,920/mo property income rather than buyer’s personal income.

Single Family

Built in 1981

11.91 Acres lot

$N/A/sqft

No HOA

More details about the property

Tucked away on 11.81 acres of private land. This gorgeous 4-bedroom, 3.5-bathroom brick ranch was renovated in 2021 that offers classic charm and modern updates. Step inside to stunning Brazilian hardwood floors in the main living areas, new plush carpet in all bedrooms, and new LVT in the basement creates a cozy and inviting atmosphere. The kitchen is a chef's delight, featuring beautiful wood cabinets, a spacious island, granite countertops and high-end appliances. The home is designed for both comfort and energy efficiency, with Anderson wood/vinyl clad windows, new exterior French doors that flood the space with natural light. The primary bathroom has been completely updated in 2021, boasting a luxurious marble floor and quartz countertop. The walk-out basement is a true extension of the living space with a granite countertop for entertaining. All walls and ceilings have fresh paint. The 26'X28' insulated detached garage was built in 2019. Natural gas back up generator.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47001, Aurora, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,472 (100%)
Owner Occupied HU	3,240 (72.5%)
Renter Occupied HU	844 (18.9%)
Vacant Housing Units	388 ( 8.7%)
Median Home Value	$213,898
Average Home Value	$248,906