752 W Thornridge Way, Spencer, IN, 47460 | $659/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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752 W Thornridge Way, Spencer, IN, 47460 | $659/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 Spencer at 752 W Thornridge Way, Spencer, IN, 47460 offers a 9.13% rental yield on a $410,000 purchase with $3,120/mo rent. Total monthly income registers $3,120/mo, and a $2,007/mo payment leaves $659/mo available for distribution. Annual cash flow reaches $7,903/yr on $135,915 to close, and return on cash invested stands at 25.72% in year one. Equity gained on principal adds $2,646/yr while 5% annual appreciation supports $113,275 over five years. Portfolio math shows five-year ROI at 133.78% and total cumulative return in cash at $181,823. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,120/mo property income against a $2,007/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 2025

0.52 Acres lot

$N/A/sqft

No HOA

More details about the property

How would you like to live in this Sparkly new home in one of Owen Counties finest subdivisions. Construction is well underway with an estimated completion date of 12/01/2025. This charming, single level, farmhouse style home sits on a .52 Acre lot and has red vinyl siding with a black metal roof. There are 3 spacious bedrooms, 2 full baths, a huge, attached garage with a workshop, an open concept living, dining, and kitchen area. The Kitchen feature over 25 linear feet of solid surface counter tops, white kitchen cabinetry, a custom island and a huge pantry. The primary suite has an enormous walk-in closet, an ensuite bath with double vanities and a make-up area. There is also a covered back porch that is tucked away behind the house that provides the ultimate private retreat. The home is 2664 sq ft under roof: 1926 of living space, 624 garage area and 114 storage. The attic also offers additional accessible storage space. The home is total electric & has all city utilities: City maintained Streets, Town of Spencer Sewer, BBP Water, Duke Energy, Community Natural Gas (is available) and coming soon to the Town of Spencer "fiber optic internet".

Neighborhood Data

Neighborhood data shown for ZIP Code: 47460, Spencer, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	5,190 (100%)
Owner Occupied HU	3,784 (72.9%)
Renter Occupied HU	949 (18.3%)
Vacant Housing Units	457 ( 8.8%)
Median Home Value	$187,057
Average Home Value	$214,772