726 N Main St, Carthage, IN, 46115 | $121/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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726 N Main St, Carthage, IN, 46115 | $121/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 Carthage at 726 N Main St, Carthage, IN, 46115 offers a 7.66% rental yield on a $315,000 purchase with $2,012/mo rent. Total monthly income registers $2,012/mo, and a $1,542/mo payment leaves $121/mo available for distribution. Annual cash flow reaches $1,450/yr on $104,423 to close, and return on cash invested stands at 21.3% in year one. Equity gained on principal adds $2,033/yr while 5% annual appreciation supports $87,029 over five years. Portfolio math shows five-year ROI at 110.04% and total cumulative return in cash at $114,905. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,012/mo property income against a $1,542/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1887

3.21 Acres lot

$N/A/sqft

No HOA

More details about the property

Charming Country Retreat on Over 3 Acres Discover the perfect blend of country charm and potential in this spacious home nestled on more than 3 acres of picturesque land. Featuring a beautiful stone exterior and a remodeled master suite (2015), this property offers both comfort and opportunity for customization. A detached pole barn with a horse stall provides versatile space for equestrian use, hobbies, or storage. The fenced-in yard offers security for pets or livestock, while the wooded section of the property adds privacy and natural beauty - ideal for outdoor enthusiasts or those seeking a peaceful retreat. While the home boasts character and strong bones, it does need some exterior updates, giving buyers the chance to add their own touch and value.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46115, Carthage, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	872 (100%)
Owner Occupied HU	641 (73.5%)
Renter Occupied HU	174 (20.0%)
Vacant Housing Units	57 ( 6.5%)
Median Home Value	$265,164
Average Home Value	$293,658