8748 W 100th Rd N #27, Converse, IN, 46919 | 2.46% Rental Yield

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Monthly Cash Flow: 1 - 3k+

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8748 W 100th Rd N #27, Converse, IN, 46919 | 2.46% Rental Yield | 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 Converse at 8748 W 100th Rd N #27, Converse, IN, 46919 generates $750/mo in rent, after a $1,791/mo payment. Total monthly income is $750/mo. Return on cash invested sits at 5.6% in year one, and rental yield is 2.46% on a $366,000 entry. Equity gained on principal adds $2,362/yr, while 5% annual appreciation builds toward $101,119 over five years. Five-year ROI reaches 25.89% and total cumulative return in cash sums $31,413. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $750/mo property income rather than buyer’s personal income.

Single Family

Built in 1993

5.01 Acres lot

$N/A/sqft

No HOA

More details about the property

Experience the tranquility of this stunning, one-owner home, expertly crafted and set on 5 enchanting wooded acres just 2 miles from Oak Hill High School. Picture yourself enjoying tranquil evenings on the expansive front porch or one of the inviting rear decks. The bright, airy kitchen features all appliances and exquisite handcrafted wood details, and is a dream for any home chef. Enter the spacious great room, bathed in natural light, where you can unwind by the cozy gas or wood-burning fireplace, with nearby elegant built-in bookshelves. The primary bedroom is a true retreat, offering an en suite bathroom complete with a rejuvenating jetted tub, a stylish shower, and a roomy walk-in closet. Expand your horizons with the large walk-up attic, perfect for future enhancements. Fresh paint and mostly new flooring throughout provide a modern touch. But that's not all! The impressive barn comes equipped with a machine shop featuring a steel beam and a negotiable engine hoist, a dedicated wood shop, and an additional bathroom. Enjoy year-round comfort in the air-conditioned loft/craft room above. Plus, theres covered RV parking for your convenience. Take advantage of the deep, well-lit crawl space that includes two sump pumps, ensuring moisture control. Enjoy economical heating with the water source heat pump and benefit from the reverse osmosis system for crisp, clean water. Dont miss this opportunity to own a piece of paradise!

Neighborhood Data

Neighborhood data shown for ZIP Code: 46919, Converse, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	961 (100%)
Owner Occupied HU	676 (70.3%)
Renter Occupied HU	185 (19.3%)
Vacant Housing Units	100 (10.4%)
Median Home Value	$196,330
Average Home Value	$273,295