705 E 2nd St, Reynolds, IN, 47980 | $127/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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705 E 2nd St, Reynolds, IN, 47980 | $127/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

Investment property for sale in Reynolds at 705 E 2nd St, Reynolds, IN, 47980 listed at $239,900 pairs $1,567/mo rent with a $1,174/mo payment to leave $127/mo cash flow. Total monthly income runs $1,567/mo, and annual cash flow reaches $1,525/yr on $79,527 cash to close. Return on cash invested measures 21.83% in year one, and rental yield registers 7.84% at a $239,900 basis. Equity gained on principal adds $1,548/yr, and annual property appreciation at 5% supports $66,280 by year five. Five-year ROI tracks 112.94% and total cumulative return in cash totals $89,815. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,567/mo property income relative to a $1,174/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1900

5,357 sqft lot

$N/A/sqft

No HOA

More details about the property

What a doll house. This one and half story home has 3-4 bedrooms and 2 baths. Beautiful hardwood floors on the main level, with newer kitchen cabinets along with butcher block counter tops and a walk-in-tub. Newer replacement windows throughout, finished basement and new central air coming soon. This home has an open front porch, oversized 1.5 car detached garage with loft and circle driveway. A must see today.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47980, Reynolds, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	477 (100%)
Owner Occupied HU	337 (70.6%)
Renter Occupied HU	109 (22.9%)
Vacant Housing Units	31 ( 6.5%)
Median Home Value	$209,270
Average Home Value	$232,025