903 N Main StBourbonIN46504
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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
Investment Highlights
Investment property for sale in Bourbon at 903 N Main St, Bourbon, IN, 46504 earns $271/mo cash flow from $1,231/mo rent with a $783/mo payment. Total monthly income totals $1,231/mo, and annual cash flow totals $3,249/yr on $53,007 capital. ROI tracks 26.04% on current figures, and rental yield reads 9.24% at a $159,900 purchase. Equity gained on principal adds $1,032/yr, and 5% annual appreciation supports $44,177 over five years. Five-year ROI reaches 135.5% and total cumulative return in cash sums $71,826. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,231/mo property income instead of your personal income.
Single Family
Built in 1945
9,147 sqft lot
$N/A/sqft
No HOA
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Listed by: Anna Gilsinger • RE/MAX Results- Warsaw
Mls Name: IRMLS
Mls Provider:
Mls ID: #202509828
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.