7805 N 600 E, Ossian, IN, 46777 | $216/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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7805 N 600 E, Ossian, IN, 46777 | $216/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

Rental property for sale in Ossian at 7805 N 600 E, Ossian, IN, 46777 generates $2,371/mo in rent and, after a $1,757/mo payment, leaves $216/mo in cash flow. Total monthly income is $2,371/mo, and annual cash flow is $2,593/yr on $119,009 invested. Return on cash invested sits at 22.09% in year one, and rental yield is 7.93% on a $359,000 entry. Equity gained on principal adds $2,317/yr, while 5% annual appreciation builds toward $99,185 over five years. Five-year ROI reaches 114.32% and total cumulative return in cash sums $136,051. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,371/mo property income rather than buyer’s personal income.

Single Family

Built in 1962

1.27 Acres lot

$N/A/sqft

No HOA

More details about the property

Custom Built Brick Ranch by a Local Builder for his own family! Current Seller is Second Owner. Located in Rural Ossian with Gorgeous Views of Sunrise's and Sunsets on 1.27 Acres in Norwell Schools. A Well Maintained Home Offers 3400 SQ FT of Living Space. Total Tear Off Roof in June 2025. 200 AMP Service. Kitchen Boasts Plentiful Cabinet Space and a Built-in Desk. All Appliances Stay but are Not Warranted. Bedrooms are Good Sized with the Primary Suite having Double Closets. The Main Floor Features a Large Living Room w/Built in Cabinet, Den w/Patio Door, and Family Room with Wood Burning Stone Fireplace & Built-in Bookshelves. The Finished Basement includes a 40x13 Rec-Room with Wood Burning Fireplace, 20x12 Room w/Laminate Floor & lots of Built-in Shelves, and a FULL 2nd Kitchen. Septic is being pumped in Oct. 2025. Propane Tank is Owned. Property Line to the South goes almost to the Neighbors Driveway.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46777, Ossian, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,731 (100%)
Owner Occupied HU	2,141 (78.4%)
Renter Occupied HU	428 (15.7%)
Vacant Housing Units	162 ( 5.9%)
Median Home Value	$227,960
Average Home Value	$267,226