9517 E State Route 250, Canaan, IN, 47224 | $416/mo Cash Flow

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9517 E State Route 250, Canaan, IN, 47224 | $416/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

Investment property for sale in Canaan at 9517 E State Route 250, Canaan, IN, 47224 listed at $219,900 pairs $1,736/mo rent with a $1,076/mo payment to leave $416/mo cash flow. Total monthly income runs $1,736/mo, and annual cash flow reaches $4,995/yr on $72,897 cash to close. Return on cash invested measures 26.76% in year one, and rental yield registers 9.47% at a $219,900 basis. Equity gained on principal adds $1,419/yr, and annual property appreciation at 5% supports $60,754 by year five. Five-year ROI tracks 139.4% and total cumulative return in cash totals $101,620. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,736/mo property income relative to a $1,076/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1958

1.05 Acres lot

$N/A/sqft

No HOA

More details about the property

Escape to the countryside! This charming 3 bed 1 bath home with a partial basement offers peaceful views and a spacious backyard to make your own. Featuring a formal dining room, large bonus room, and a welcoming covered back porch. All of this and more can be yours today. Call to schedule a private tour.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47224, Canaan, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	241 (100%)
Owner Occupied HU	182 (75.5%)
Renter Occupied HU	30 (12.4%)
Vacant Housing Units	29 (12.0%)
Median Home Value	$270,690
Average Home Value	$276,442