975 Locust St, Middletown, IN, 47356 | $239/mo Cash Flow

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975 Locust St, Middletown, IN, 47356 | $239/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 Middletown at 975 Locust St, Middletown, IN, 47356 earns $239/mo cash flow from $1,439/mo rent with a $978/mo payment. Total monthly income totals $1,439/mo, and annual cash flow totals $2,873/yr on $66,267 capital. ROI tracks 24.25% on current figures, and rental yield reads 8.64% at a $199,900 purchase. Equity gained on principal adds $1,290/yr, and 5% annual appreciation supports $55,229 over five years. Five-year ROI reaches 125.86% and total cumulative return in cash sums $83,401. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,439/mo property income instead of your personal income.

Single Family

Built in 1972

0.31 Acres lot

$N/A/sqft

No HOA

More details about the property

Completely Renovated & Move In Ready! Welcome to 975 Locust Street-a beautifully updated 3 bedroom, 2 bath home situated on a spacious lot in the heart of Middletown. Inside, you'll find fresh paint and new flooring throughout, along with tastefully updated bathrooms and a kitchen that shines with granite countertops. The main level primary suite offers comfort and privacy, while the cozy sunroom with a wood burning fireplace is the perfect spot to relax year round. Enjoy the convenience of a large laundry room and utility room, plus vinyl windows for energy efficiency. The attached carport doubles as a great space for parking in the winter or entertaining in the summer. A storage building provides extra space for tools, toys, or hobbies. Just a short walk to local trails, the park, library, and fire station-this home offers both charm and convenience. Don't miss your chance to make this turnkey beauty your own!