702 W Cross St, Brownstown, IN, 47220 | Equity Gain $1,287/yr

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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702 W Cross St, Brownstown, IN, 47220 | Equity Gain $1,287/yr | Ziffy

For Sale

Motivated Seller

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

Investment property for sale in Brownstown at 702 W Cross St, Brownstown, IN, 47220 with 5% annual appreciation on a $199,500 basis while $0/mo rent supports operations. 81% in year one. Equity gained on principal adds $1,287/yr, and five-year appreciation sums $55,118 alongside rental yield of 0%. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $0/mo property income versus a $976/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1890

6,534 sqft lot

$N/A/sqft

No HOA

More details about the property

This inviting home awaits its new owner! The heart of this home is the renovated and welcoming kitchen, perfect for culinary exploration. Large rooms, give plenty of space for whatever you need. The property also features a porch, balcony, and deck, providing various options for enjoying the outdoors. Numerous updates throughout, including both bathrooms beautifully updated and new central air conditioning. The roof, furnace, and water heater are only 5 years old! Prime location right across from the middle school and just a few blocks from the city pool. Experience the charm of a classic home enhanced by a modern, stylish touch. Government loans or assumable mortgage possible! MOTIVATED SELLER!!!!

Neighborhood Data

Neighborhood data shown for ZIP Code: 47220, Brownstown, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,330 (100%)
Owner Occupied HU	1,642 (70.5%)
Renter Occupied HU	520 (22.3%)
Vacant Housing Units	168 ( 7.2%)
Median Home Value	$207,143
Average Home Value	$257,322