821 N East St, Tipton, IN, 46072 | 5.56% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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821 N East St, Tipton, IN, 46072 | 5.56% Rental Yield | Ziffy

For Sale

Listed for sale 1 day ago

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 Tipton at 821 N East St, Tipton, IN, 46072 offers $1,252/mo rent that, after a $1,322/mo payment. Total monthly income is $1,252/mo. Return on cash invested measures 14.96% in year one, and rental yield stands at 5.56% at a $270,000 entry. Equity gained on principal adds $1,742/yr while 5% annual appreciation compounds into $74,596 by year five. Five-year ROI records 76.06% and total cumulative return in cash reaches $68,077. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,252/mo property income versus a $1,322/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1930

8,712 sqft lot

$N/A/sqft

No HOA

More details about the property

This beautifully updated 3-bedroom, 2-full bath home is loaded with modern upgrades and move-in ready. The open-concept layout with vaulted ceilings creates a bright and spacious living area, perfect for everyday living and entertaining. The oversized primary bedroom offers a private suite featuring a walk-in closet with washer and dryer, a soaking tub, and a separate walk-in shower-all fully remodeled in 2025. The expansive kitchen includes a new eat-in island, ample space for a large dining table, a generous pantry, and all appliances are included. This home offers exceptional storage throughout and peace of mind with major mechanical updates, including the AC (2020), furnace(2020), water softner (2023), and water heater(2023), all replaced within the last five years. Additional recent updates include new flooring, cabinets (2020), countertops(2020), backsplash (2025), range hood (2025), a new kitchen island (2025), a remodeled primary bathroom (2025), and a brand-new roof to be completed prior to closing. Situated on a large lot, the property features a fully privacy-fenced backyard with convenient alley access for additional parking. Don't miss the opportunity to own this stunning home in the heart of Tipton!

Neighborhood Data

Neighborhood data shown for ZIP Code: 46072, Tipton, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,128 (100%)
Owner Occupied HU	3,001 (72.7%)
Renter Occupied HU	817 (19.8%)
Vacant Housing Units	310 ( 7.5%)
Median Home Value	$208,736
Average Home Value	$239,538