825 S Illinois St, Bicknell, IN, 47512 | $499/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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825 S Illinois St, Bicknell, IN, 47512 | $499/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 Bicknell at 825 S Illinois St, Bicknell, IN, 47512 offers a 10.53% rental yield on a $179,900 purchase with $1,579/mo rent. Total monthly income registers $1,579/mo, and a $881/mo payment leaves $499/mo available for distribution. Annual cash flow reaches $5,983/yr on $59,637 to close, and return on cash invested stands at 29.94% in year one. Equity gained on principal adds $1,161/yr while 5% annual appreciation supports $49,703 over five years. Portfolio math shows five-year ROI at 156.42% and total cumulative return in cash at $93,285. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,579/mo property income against a $881/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1918

0.29 Acres lot

$N/A/sqft

No HOA

More details about the property

Newly remodeled home sitting on double lot in Bicknell offers 4BR/2 full baths, including a nice-sized primary ensuite w/double closets. Ample space w/numerous amenities! This home has been refinished down to the studs! Drywall, light fixtures, flooring, bathrooms, & kitchen are all brand new! New furnace, central air, & water heater! New vinyl siding, windows, & doors! Electrical & plumbing systems have also been updated. Kitchen has all new appliances, deep farmhouse sink, lighting above/below cabinetry, & quartz countertops. Dual-sided breakfast bar opens to the huge living room. Cedar posts on front porch add modern curb appeal. Off the back of the house is a large new deck, double carport, & off-street parking. Partial basement adds additional space for storage/storm protection. Must see this home to appreciate all it has to offer!

Neighborhood Data

Neighborhood data shown for ZIP Code: 47512, Bicknell, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,031 (100%)
Owner Occupied HU	1,175 (57.9%)
Renter Occupied HU	504 (24.8%)
Vacant Housing Units	352 (17.3%)
Median Home Value	$96,475
Average Home Value	$144,134