9298 E State Road 26, Otterbein, IN, 47970 | $869/mo Cash Flow

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9298 E State Road 26, Otterbein, IN, 47970 | $869/mo Cash Flow | Ziffy

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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 Otterbein at 9298 E State Road 26, Otterbein, IN, 47970 listed at $255,000 pairs $2,400/mo rent with a $1,248/mo payment to leave $869/mo cash flow. Total monthly income runs $2,400/mo, and annual cash flow reaches $10,432/yr on $84,533 cash to close. Return on cash invested measures 32.25% in year one, and rental yield registers 11.29% at a $255,000 basis. Equity gained on principal adds $1,645/yr, and annual property appreciation at 5% supports $70,452 by year five. Five-year ROI tracks 168.81% and total cumulative return in cash totals $142,700. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,400/mo property income relative to a $1,248/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1950

0.81 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to this charming and tranquil retreat, set on nearly an acre of peaceful countryside. This beautifully updated 3-bedroom, 2-bath home offers the perfect balance of rural serenity and modern conveniencejust 15 minutes from West Lafayette. Inside, you'll find a spacious kitchen with ample cabinet space, perfect for cooking and gathering. The open-concept living area provides a warm and inviting space for everyday living and entertaining. Step outside to enjoy the patio overlooking the beautiful, expansive yardideal for relaxing, gardening, or hosting guests. With recent updates throughout, this home is move-in ready and designed for low-maintenance living. Experience the comfort of country living without sacrificing quick access to the city.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47970, Otterbein, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	749 (100%)
Owner Occupied HU	519 (69.3%)
Renter Occupied HU	153 (20.4%)
Vacant Housing Units	77 (10.3%)
Median Home Value	$211,735
Average Home Value	$255,217