9029 N State Road 3, Springport, IN, 47386 | 1.29% Rental Yield

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

9029 N State Road 3, Springport, IN, 47386 | 1.29% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

2 Bed
1 Bath
- sft

5898 W County Road 875 S, Knightstown, IN, 46148

3 Bed
1 Bath
2694 sft

1976 W County Road 300 N, New Castle, IN, 47362

3 Bed
1 Bath
1852 sft

1144 Cottage Ave, Middletown, IN, 47356

3 Bed
1 Bath
1890 sft

259 W County Road 100 S, New Castle, IN, 47362

Nearby investment properties with comparable prices

4 Bed
5 Bath
5779 sft

9271 N 400 E, Greenfield, IN, 46140

4 Bed
5 Bath
5534 sft

5784 N 600 E, Greenfield, IN, 46140

4 Bed
3 Bath
3210 sft

5607 E 500 N, Greenfield, IN, 46140

5 Bed
6 Bath
13521 sft

7590 S 25 E, Pendleton, IN, 46064

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Springport at 9029 N State Road 3, Springport, IN, 47386 earns from $1,474/mo rent with a $6,730/mo payment. Total monthly income totals $1,474/mo. ROI tracks 2.11% on current figures, and rental yield reads 1.29% at a $1,375,000 purchase. Equity gained on principal adds $8,873/yr, and 5% annual appreciation supports $379,887 over five years. Five-year ROI reaches 7.04% and total cumulative return in cash sums $31,362. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,474/mo property income instead of your personal income.

Single Family

Built in N/A

85 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to an expansive apple orchard and agricultural enterprise in the heart of Henry County, Indiana. This 85+/- acre property blends commercial viability with agricultural potential, conveniently located between Muncie and New Castle, with significant road frontage for easy access. The orchard encompasses approximately 18.4 acres, predominantly planted with Honeycrisp apple trees, known for their market demand. Beyond the orchard, there is potential for significantly more income-producing tillable acres, currently comprising 28+/- acres of fertile cropland that already generates additional income. Structural assets include two large 70'x170' warehouses, a 47'x80' pole barn, and a well-equipped farm shop, supporting a range of agricultural operations. The property also benefits from two wells, ensuring ample water supply for its needs. A residential home on the premises provides living accommodations, making it ideal for an owner-operator or a resident manager. Enhanced by 3-phase wiring, the property is prepared for high-capacity agricultural or commercial operations. This property offers great investment potential and numerous possibilities for expansion or diversification. It's not just a farm but a significant opportunity for growth and profitability in a prime Indiana location. Whether you're looking to enhance the existing orchard, increase tillable acreage for additional revenue, or explore further land development, this property presents a unique opportunity to capitalize on its vast potential and excellent location.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47386, Springport, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	527 (100%)
Owner Occupied HU	450 (85.4%)
Renter Occupied HU	39 ( 7.4%)
Vacant Housing Units	38 ( 7.2%)
Median Home Value	$220,455
Average Home Value	$306,517