840 S Broadway St, Pendleton, IN, 46064 | $241/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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840 S Broadway St, Pendleton, IN, 46064 | $241/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 Pendleton at 840 S Broadway St, Pendleton, IN, 46064 offers a 8.52% rental yield on a $219,900 purchase with $1,561/mo rent. Total monthly income registers $1,561/mo, and a $1,076/mo payment leaves $241/mo available for distribution. Annual cash flow reaches $2,895/yr on $72,897 to close, and return on cash invested stands at 23.88% in year one. Equity gained on principal adds $1,419/yr while 5% annual appreciation supports $60,754 over five years. Portfolio math shows five-year ROI at 123.94% and total cumulative return in cash at $90,352. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,561/mo property income against a $1,076/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1960

0.45 Acres lot

$N/A/sqft

No HOA

More details about the property

Located at 840 S Broadway St., in the inviting town of Pendleton, Indiana, this single-family residence located in city limits presents an opportunity to embrace a comfortable and ready-to-move-in lifestyle. The heart of this home is the open floor plan, creating a welcoming space for both relaxation and entertaining, where natural light enhances the sense of spaciousness. You will love to gather and cook in the beautiful kitchen. With a .46 acre lot and partial fence, this property offers ample space for outdoor enjoyment. Featuring 3 bedrooms and 1 full bathroom within its 1073 square feet of living area, this home provides comfortable accommodation. This charming home, built in 1960, offers an inviting space to create lasting memories.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46064, Pendleton, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,339 (100%)
Owner Occupied HU	5,147 (81.2%)
Renter Occupied HU	879 (13.9%)
Vacant Housing Units	313 ( 4.9%)
Median Home Value	$283,028
Average Home Value	$322,206