8812 W Red Ear Rd, Eckerty, IN, 47116 | $384/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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8812 W Red Ear Rd, Eckerty, IN, 47116 | $384/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 Eckerty at 8812 W Red Ear Rd, Eckerty, IN, 47116 listed at $328,000 pairs $2,353/mo rent with a $1,605/mo payment to leave $384/mo cash flow. Total monthly income runs $2,353/mo, and annual cash flow reaches $4,614/yr on $108,732 cash to close. Return on cash invested measures 24.15% in year one, and rental yield registers 8.61% at a $328,000 basis. Equity gained on principal adds $2,117/yr, and annual property appreciation at 5% supports $90,620 by year five. Five-year ROI tracks 125.37% and total cumulative return in cash totals $136,315. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,353/mo property income relative to a $1,605/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 2012

0.36 Acres lot

$N/A/sqft

No HOA

More details about the property

Open House Sunday Sept 14 1-3 EDT!!!! This beautifully maintained home offers comfort, space, and a serene setting-perfect for full-time living or a weekend retreat near Patoka Lake. The main level features spacious bedroom and 1 1/2 bathrooms, along with an inviting living area with a gas fireplace and a well-appointed kitchen. Enjoy peaceful mornings and relaxing evenings on the screened-in porch, surrounded by nature and fresh air. Downstairs, the fully finished walkout basement expands your living space with a large family room, an additional bedroom, and a convenient full bath. Whether used as a guest suite, home office, or private getaway, this lower level has a gas fireplace and plenty of flexibility and natural light. Enjoy being walking distance to Winery, distillery, brewery and local restaurants. Just minutes from outdoor recreation, including boating, hiking , and fishing, this home is your gateway to everything the Patoka Lake area has to offer. Built with 2x6 walls for efficiency and durability. Don't miss this move-in ready gem with plenty of space, inside and out!

Neighborhood Data

Neighborhood data shown for ZIP Code: 47116, Eckerty, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	625 (100%)
Owner Occupied HU	327 (52.3%)
Renter Occupied HU	61 ( 9.8%)
Vacant Housing Units	237 (37.9%)
Median Home Value	$118,929
Average Home Value	$146,361