9420 W North 0 S #27, Converse, IN, 46919 | 6.21% Rental Yield

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Price: $300K - 500K

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9420 W North 0 S #27, Converse, IN, 46919 | 6.21% 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

Total monthly income runs $1,423/mo, and a $1,346/mo payment. Purchase price stands at $275,000, and rental yield measures 6.21% with $1,423/mo rent. Return on cash invested shows 16.91% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 86.56% and total cumulative return in cash records $78,911. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,423/mo property income covering a $1,346/mo payment rather than investor’s personal income.

Single Family

Built in 1900

11.06 Acres lot

$N/A/sqft

No HOA

More details about the property

Step into the warmth and history of this lovely country home on eleven acres. The property features multiple outbuildings, perfect for homesteading, storage, and/or hobbies. Conveniently located between Converse and Swayzee. Enter through the side door into a spacious mudroom/laundry/summer kitchen, with access to the basement that has storage, root cellar, and workshop space. The eat-in kitchen features an island and connects through beautiful glass doors to what can be used as a bedroom, sitting room, office. Off this room is a sunroom. The custom hardwood swinging door off the kitchen leads to the formal dining room that opens to a family room, both showcasing original hardwood floors. The bedroom wing includes two bedrooms with a full bath conveniently located between each bedroom. This home retains its original solid wood doors, vintage hardware, detailed trim, and period light fixtures timeless features that make it truly one of a kind. Dont miss this rare opportunity to own a piece of history surrounded by peace, privacy, and natural beauty. All personal property will remain at no additional cost!

Neighborhood Data

Neighborhood data shown for ZIP Code: 46919, Converse, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	961 (100%)
Owner Occupied HU	676 (70.3%)
Renter Occupied HU	185 (19.3%)
Vacant Housing Units	100 (10.4%)
Median Home Value	$196,330
Average Home Value	$273,295