8200 N State Route 1OssianIN46777
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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
Investment Highlights
Investment property for sale in Ossian at 8200 N State Route 1, Ossian, IN, 46777 uses $71,273 cash to close to unlock $7,113/yr annual cash flow and $593/mo monthly cash flow. Total monthly income runs $1,883/mo, and a $1,052/mo payment keeps the spread at $593/mo. Purchase price stands at $215,000, and rental yield measures 10.51% with $1,883/mo rent. Return on cash invested shows 29.89% in year one, and 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 156.13% and total cumulative return in cash records $111,277. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,883/mo property income covering a $1,052/mo payment rather than investor’s personal income.
Single Family
Built in 1900
1.35 Acres lot
$N/A/sqft
No HOA
More details about the property
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 |
Housing Distribution
Address Breakdown
Residential
2,606
Single Family
2,547
Multi-Family
59
Businesses
128
Price History
Date | Event | Price |
|---|---|---|
| 2024-11-15 | Sold | $215,000 |
| 2024-11-13 | Pending sale | $212,500 |
| 2024-10-15 | Listed for sale | $212,500 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1900
- Architectural Style: Traditional
- Building Area: 2,640
- Living Area: 1,632 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Natural Gas, Forced Air
- Cooling: None
- Flooring: Carpet, Hardwood, Tile
- Interior Features: Ceiling Fan(s), Tub and Separate Shower
- Exterior Features: N/A
- Parking Features: Garage Door Opener, Gravel
Location
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Septic Tank
- Water Source: Well
- Road Surface Type: N/A
School Information
- Elementary School: Ossian
- Middle School: Norwell
- High School: Norwell
Listed by: Samual Haiflich • BKM Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202439969
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.