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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Laurel at 10009 Elm St, Laurel, IN, 47024 generates $1,333/mo in rent and, after a $893/mo payment, leaves $238/mo in cash flow. Total monthly income is $1,333/mo, and annual cash flow is $2,853/yr on $60,499 invested. Return on cash invested sits at 24.62% in year one, and rental yield is 8.76% on a $182,500 entry. Equity gained on principal adds $1,178/yr, while 5% annual appreciation builds toward $50,421 over five years. Five-year ROI reaches 127.91% and total cumulative return in cash sums $77,386. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,333/mo property income rather than buyer’s personal income.
Manufactured
Built in 1993
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47024, Laurel, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,293 (100%) |
| Owner Occupied HU | 965 (74.6%) |
| Renter Occupied HU | 191 (14.8%) |
| Vacant Housing Units | 137 (10.6%) |
| Median Home Value | $176,520 |
| Average Home Value | $223,956 |
Residential
1,004
Single Family
1,004
Multi-Family
0
Businesses
44
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Georgia Green • Coldwell Banker Lingle
Mls Name: RLMS
Mls ID: #10051184
