949 Borealis Dr, Franklin, IN, 46131 | $24/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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949 Borealis Dr, Franklin, IN, 46131 | $24/mo Cash Flow | 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

Rental property for sale in Franklin at 949 Borealis Dr, Franklin, IN, 46131 generates $1,974/mo in rent and, after a $1,590/mo payment, leaves $24/mo in cash flow. Total monthly income is $1,974/mo, and annual cash flow is $287/yr on $107,704 invested. Return on cash invested sits at 20.18% in year one, and rental yield is 7.29% on a $324,900 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation builds toward $89,764 over five years. Five-year ROI reaches 104.02% and total cumulative return in cash sums $112,037. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,974/mo property income rather than buyer’s personal income.

Single Family

Built in 2023

9,583 sqft lot

$N/A/sqft

No HOA

More details about the property

Why build new and deal with weather & material delays when everything you're looking for is right here! Built new in 2023, this property offers a modern open design with 10ft ceilings, large open 18x17 Great Rm, huge 17x15 kitchen w/solid surface countertops & lots of cabinets. 2ft bump out makes all the bedrooms bigger! This new homes offers an impressive 1,812 square feet of living area, AND all on the main level, NO STEPS! With a single story layout, this residence offers ease of access and a comfortable flowing design. No "laundry closet" in this house as there is an 8x8 "laundry room". Enjoy your morning cup of "joe' in the 12x10 hearth/sun room, 12x12 Formal Dining Rm (or could be easily used an "in-home office" as there are 2 doors). Good size 16x13 primary suite with a large bathroom & walk-in closet! The garage was widen and measures 22x20 as to have plenty of room to open car doors unlike many other homes. Big back yard, $6,000 full rear yard privacy fence, rear concrete patio, all newer kitchen appliances stay. And with a home only 2 years old you still have the builders 2-10 warranty and the peace of mind of that on a home only 2 yrs old passing a home inspection will be with flying colors. You could build new, BUT not for this price...not even close!! Did you know the City of Franklin is "Golf Cart Friendly". Drive your golf cart to Downtown Franklin to go eat, attend the many free summer concerts (I'll be there), city fireworks ( best seat in town as there right above your head ), Easter egg hunt (my granddaughters loved it), shop at the farmers market ( my wife loves it ) on Saturdays or to go play pickleball ( more my thing ) at the 12 new courts. 949 Borealis Dr offers modern living with thoughtful design, ample space, and a prime location that meets all your needs. Don't miss the opportunity to make this impeccable house your new home. Walk to Blue Heron City Park with jungle gyms, shelter houses, freebie golf, walking trials.