9920 Highway 211 SE, Elizabeth, IN, 47117 | $321/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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9920 Highway 211 SE, Elizabeth, IN, 47117 | $321/mo Cash Flow | Ziffy

For Sale

Fix & Flip

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 Elizabeth at 9920 Highway 211 SE, Elizabeth, IN, 47117 uses $58,013 cash to close to unlock $3,852/yr annual cash flow and $321/mo monthly cash flow. Total monthly income runs $1,372/mo, and a $857/mo payment keeps the spread at $321/mo. Purchase price stands at $175,000, and rental yield measures 9.41% with $1,372/mo rent. Return on cash invested shows 26.55% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 138.29% and total cumulative return in cash records $80,227. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,372/mo property income covering a $857/mo payment rather than investor’s personal income.

Single Family

Built in 1947

1.50 Acres lot

$N/A/sqft

No HOA

More details about the property

Charming Country Cottage in a Convenient Location Discover the comfort of peaceful living with a private backyard overlooking a wooded backdrop. A scenic creek bed rests at the foot of the hill, offering a tranquil natural setting right out your back door. Inside, the farmhouse-style kitchen is generously sized and filled with natural light. It features painted wood cabinets and a pantryan inviting space with classic country character. The main living area offers REAL WOOD parquet floors, a large living room, split-bedroom layout, and a floor plan thats easy to maintain. With its south-facing orientation, the living room enjoys natural sunlight throughout the day. Additional highlights include: Updated windows, Partial basement with outside accessgreat for storage, New roof, Easy to show. Seller is motivated. Conveniently located 15 minutes from New Albany, less than 10 minutes to the casino, and close to both a park and golf course, this property blends comfort with accessibility. Sq ft and room sizes are approximate. Home is being sold As-Is; seller will not make additional repairs.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47117, Elizabeth, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,903 (100%)
Owner Occupied HU	1,547 (81.3%)
Renter Occupied HU	188 ( 9.9%)
Vacant Housing Units	168 ( 8.8%)
Median Home Value	$235,074
Average Home Value	$269,627