708 E Maple St, Rensselaer, IN, 47978 | $785/mo Cash Flow

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708 E Maple St, Rensselaer, IN, 47978 | $785/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 Rensselaer at 708 E Maple St, Rensselaer, IN, 47978 uses $82,842 cash to close to unlock $9,420/yr annual cash flow and $785/mo monthly cash flow. Total monthly income runs $2,285/mo, and a $1,223/mo payment keeps the spread at $785/mo. Purchase price stands at $249,900, and rental yield measures 10.97% with $2,285/mo rent. Return on cash invested shows 31.28% in year one, and 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 163.63% and total cumulative return in cash records $135,554. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,285/mo property income covering a $1,223/mo payment rather than investor’s personal income.

Single Family

Built in 1974

0.50 Acres lot

$N/A/sqft

No HOA

More details about the property

Step inside this beautifully refreshed 3 bedroom, 1.5 bath home and instantly feel the warmth and charm it offers. Nearly everything has been given new life including fresh paint, new flooring, all new appliances, updated lighting, and electrical updates. The brand new back deck adds the perfect spot for morning coffee or winding down at the end of the day. Sitting on a half acre lot inside town, you'll enjoy extra space without losing the convenience of being close to everything. The 1 car garage plus large backyard shed (with an upstairs space and electrical) provide plenty of storage for tools, hobbies, or a little extra elbow room. This truly move in ready home strikes the perfect balance of modern updates and timeless character all that's left to do is make it yours.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47978, Rensselaer, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,710 (100%)
Owner Occupied HU	3,173 (67.4%)
Renter Occupied HU	1,190 (25.3%)
Vacant Housing Units	347 ( 7.4%)
Median Home Value	$207,764
Average Home Value	$254,811