920 N Main St, Tipton, IN, 46072 | 6.01% Rental Yield

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920 N Main St, Tipton, IN, 46072 | 6.01% 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

Investment property for sale in Tipton at 920 N Main St, Tipton, IN, 46072 listed at $249,900 pairs $1,252/mo rent with a $1,223/mo payment. Total monthly income runs $1,252/mo. Return on cash invested measures 16.32% in year one, and rental yield registers 6.01% at a $249,900 basis. Equity gained on principal adds $1,613/yr, and annual property appreciation at 5% supports $69,043 by year five. Five-year ROI tracks 83.4% and total cumulative return in cash totals $69,086. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,252/mo property income relative to a $1,223/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1870

0.90 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to 920 N Main ST, TIPTON, IN. This attractive single-family residence on 1 acre of partially wooded lot in TIPTON presents a unique opportunity to own a piece of history. Imagine relaxing on the porch that has original gingerbread, enjoying the gentle breezes and the charm of a home built in 1870. With 2204 square feet of living area spread across two stories, there is ample space to create rooms that truly reflect your lifestyle. Open living room and kitchen area with lots of light. The spacious living room has ample room, original woodwork (throughout the home) and a fireplace. Kitchen has new cabinets and appliances with a center island and butcher block countertops. Entrance to the sun room is through the kitchen for relaxing and enjoying the extra large 1 acre backyard with lots of mature trees and a deck. The four bedrooms provide space for rest and rejuvenation. Large closets and upstairs owners suit has bathroom, walk out deck and a separate sitting room. The two full bathrooms provide comfort and convenience, ensuring a smooth start to every morning and a relaxing end to each day. This 1870 single-family residence offers a wonderful combination of historic charm and comfortable living.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46072, Tipton, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,128 (100%)
Owner Occupied HU	3,001 (72.7%)
Renter Occupied HU	817 (19.8%)
Vacant Housing Units	310 ( 7.5%)
Median Home Value	$208,736
Average Home Value	$239,538